Back
Fairness Opinion Detail
TWNK FOOpen source
Hostess Brands to JM Smucker
Deal Information
Target
Hostess Brands
Acquiror
JM Smucker
Sector
Packaged Foods
Target Type
Public
Acquiror Type
Strategic
Advisors
Morgan Stanley
Transaction Metrics
Enterprise Value
$5.5B
EV / LTM Sales
EV / LTM EBITDA
17.9x
EV / Fwd EBITDA
17.0x
Advisor Transaction Comparables
Comparable transactions cited by the advisor, excluding the subject transaction.
Advisor: Morgan Stanley
AV / LTM Adj. EBITDA selected range: 16.0x - 20.0x
8 comps