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.
Business & FinanceDeals
Twinkies maker Hostess Brands explores sale amid takeover interest
25 August 2023, 7:11 pm 1 minute
Hostess shares rose as much as 30% on the news.
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Countries: United States
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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