|
Vctt Man works to bring opportunity to this poverty-stricken Mississippi county% `- V& }) K9 ^2 q: n; E3 ?
Mix a peanut butter and jelly with a Twinkie and what do you get A snack worth $5.6 billion, apparently.That s the price tag J.M. Smucker Co. paid to acquire Hostess Brands, including debt, with the former paying the latter s shareholders $34.25 per share.The partnership aligns two legendarygrocery storesnack brands: Smucker is known for its jellies, Jif peanut bu stanley cup tter, Dunkin coffee products and Uncrustables, while Hostess Bra botella stanley nds is known for its Twinkies, Donettes, Ding Dongs and HoHos.In a release, Smucker s says the deal aligns with its focus on convenient consumer occasions and expanding the family of brands consumers love in grocery aisles. We believe this is the right partnership to accelerate growth and create meaningful value for consumers, customers and shareholders, said Andy Callahan, president and CEO of Hostess Brands. Our companies share highly complementary go-to market strategies, and we are very similar in our core business principles and operations. And some agreed, with news of the sale process sparking a surge in Hostess shares by 19% early stanley flasche Monday. But many of Smucker s investors viewed the sale as too expensive, pushing shares down 7%.SEE MORE: Dunkin owner Roark Capital acquires Subway for $9.6 billionThe deal between the brands is expected to close in the third quarter of Smucker s current fiscal year, which ends April 30.Smucker expects the transaction to cut $100 million worth of costs within two years, and achieve about $1.5 billion in annu Ouds Family of man shot, killed by Tampa police speak out and ask for equal justice& J. w% V+ P' B* Z; I% q* o
MIRAMAR, Fla. 鈥?The FBI is offering a $10,000 reward and also released new video Thursday in the case of a woman who disappeared in South Florida last month.An arrest was made Sunday in the case of 21-year-old mother Leila Cavett of Georgia, who vanished in Broward County around July 25.PREVIOUS COVERAGE: Florida police search for woman believed to mom of toddler found wandering aloneFeds arrest Florida man linked to missing Georgia mother Leila Cavett Miramar Police However, the missing mother has still not been located after her 2-year-old son was found wandering alone barefoot in an apartment complex in Miramar.The FBI said the new video shows Cavett s movements at a RaceTrac gas station in Hollywood, Fla., on the afternoon of July 25. The FBI is actively seeking information relating to the whereabouts of Leila Cavett, said George L. Piro, Special Agent in Charge, FBI Miami. We are still relentlessly investigating the stanley cup circumstances surrounding her disappearance. Any information, no matter how seemingly insignificant, may be important stanley borraccia to finding Leila. We thank those who have already provided information and urge other members of our community to come forward. The public should c stanley vattenflaska all FBI Miami at 1-800-CALL-FBI or go to fbi.gov/tips if they have any information on the whereabouts of the missing mother. |
|