Twinkie-flavored Uncrustables?
Just when I thought I had figured out that the health-focused segment was the growth area in food, and thus the most attractive acquisition target, on Monday the J.M. Smucker Co. announced the $5.6 billion acquisition of Hostess Brands, a company solely focused on not just run-of-the-mill junk food but “indulgent” junk food. Smucker is paying a healthy multiple of 17.2x adjusted earnings before interest, taxes, depreciation and...
https://www.freightwaves.com/news/what-the-smuck-analysts-highlight-hostess-deal-risks