Peanut butter and jelly maker J.M. Smucker Co. on Monday announced it has gobbled up Hostess Brands, owner of the iconic Twinkies sugary snack cake, for a sweet $5.6 billion.

J.M. Smucker is purchasing Hostess, maker of Twinkie and Ho Hos, for $5.6 billion the two companies announced Monday. Hostess, ... including Jif peanut butter, ...

The company said Monday it would acquire Hostess Brands, which makes Twinkies, Ding Dongs and Ho Hos, for a total value including debt of $5.6 billion.

Hostess Brands (TWNK), the maker of snack classics Twinkie and Ho Hos, got an offer it couldn’t refuse on Monday. J.M. Smucker (SJM), whose brands include Folgers, Meow Mix, Milk-Bone, Smucker ...