Will fold Hostess brands into new strategic business area.

J.M. Smucker completes acquisition of snack cakes maker.
 

Offer had been set to expire at 12 a.m. EST on Nov. 7.

Recent personnel updates at Hostess, General Mills and more. 

Undisclosed Party A spent months pursuing Twinkies maker.
 

The Metropoulos investment of $410 million in a business nearly left for dead has blossomed into a company with a market capitalization of $4.45 billion. 

Cowen and Co. rates J.M. Smucker as ‘outperform.’
 

C-store opportunities come with $5.6 billion transaction.

Acquisition will extend Smucker’s reach into new snack categories.

Morgan Stanley lays out compelling strategic rationale for transaction.