Twinkies maker Hostess Brands explores sale amid takeover interest  | Reuters News Agency
Business & FinanceDeals

Twinkies maker Hostess Brands explores sale amid takeover interest 

Reuters was first to report that Hostess Brands, the maker of Twinkies snack cakes, is exploring a sale after fielding takeover interest from major snack food makers. Hostess became an acquisition target after it raised prices on some of its products to boost revenue, fueling investor concerns over its prospects. General Mills Inc, Mondelez International, PepsiCo Inc and Hershey Co are among the companies that have shown an interest in acquiring Hostess. Hostess shares rose as much as 30% on the news. 

Market Impact

Hostess shares rose as much as 30% on the news.



Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Countries: United States
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Flash_8.25.23_twinkies
Sign up for email updates
Subscribe
Sign up for email updates