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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.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
Houston’s Dancie Perugini Ware PR represents Fertitta Entertainment as it takes Caesars Entertainment private in a $17.6B cash deal. 
