Well these guys got up early today.
...Lawyers
TWNK STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Hostess Brands, Inc. Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Hostess Brands, Inc. (NASDAQ: TWNK) to The J.M. Smucker Co. for $30.00 in cash and 0.03002 shares of J.M. Smucker common stock for each share of Hostess Brands common stock is fair to Hostess Brands shareholders.
The investigation concerns whether Hostess Brands and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Hostess Brands shareholders; (2) determine whether J.M. Smucker is underpaying for Hostess Brands; and (3) disclose all material information necessary for Hostess Brands shareholders to adequately assess and value the merger consideration. On behalf of Hostess Brands shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.