Sep 11th, 2023

Jelly Maker Smucker's Buys Twinkies Maker Hostess Brands

J.M. Smucker Co. agreed to acquire Twinkies maker Hostess Brands Inc. for about $5.6 billion, furthering a growing consolidation trend among the companies that stock the shelf-stable aisles at the heart of supermarkets. Bloomberg's Isaelle Lee has more on "Bloomberg The Open."