J.M. Smucker agrees to sell Sahale for a loss

J.M. Smucker is selling the better-for-you snack brand Sahale for about $34 million, much less than the reported $150 million it shelled out almost a decade ago.

Why it matters: The deal follows the CPG group's deal for Twinkie maker Hostess for $5.6 billion — demonstrating that while snacking is in, it doesn't have to be better for you.