Jelly Maker Smucker's Buys Twinkies Maker Hostess Brands

The transcript discusses the acquisition of Hostess by another company, highlighting the financial details and market impact. Investors will receive a premium for Hostess shares, and the deal is expected to boost earnings per share in the first fiscal quarter. Hostess holds a significant market share in bakery goods, which have grown during the pandemic. The transcript also provides a brief history of Smuckers, noting its decline in share value. Current market trends and the long shelf life of certain snacks are also mentioned.

What is the expected closing date for the Hostess acquisition?

Who founded Smuckers and how long ago was it founded?