Reports: Smucker Adds Twinkies With Hostess Purchase

ORRVILLE, Ohio (News Talk 1480 WHBC) – Several news organizations report that Orrville-based J.M. Smucker is buying Twinkie-makers Hostess Brands for $5.6 billion, or $34.25 a share.

CNBC says Hostess shareholders will receive $30 in cash and .03 shares of Smucker’s stock for each share of Hostess that they own.

Smucker has also agreed to assume Hostess’s debt.