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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.
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
Qualcomm has recruited Brett Simpson for the senior VP-IR slot at the San Diego-based wireless technology company.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
