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FTI Consulting handles Hostess Brands as the marketer of Twinkies, Ding Dongs and Zingers agrees to be acquired by J.M. Smucker Co. in a deal worth $5.6B.
The $34.25 cash/stock transaction represents a 54 percent premium from Hostess’ closing stock price on Aug. 24, the day prior to news reports about the potential takeover.
Andy Callahan, Hostess CEO, said he’s proud of the team “for the legacy they created in building a premier snacking company and driving industry leading returns for our investors.”
Mark Smucker said his company is adding “an iconic sweet snacking platform, enhancing our ability to deliver brands consumer love and convenient solutions they desire.”
His Orrville, OH-based company markets Smucker’s jellies/jams, Jif peanut butter, Milk Bone dog treats, Meow Mix cat food and Folgers coffee.
FTI Consulting’s Pat Tucker, Brian Waldman and Kyla MacLennan represents Lenexa, KS-headquartered Hostess.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
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