J.M. Smucker is nearing an agreement to buy Twinkies maker Hostess Brands, in a deal that would likely be in the neighbourhood of $4 billion, the Wall Street Journal reported on Sunday, citing sources.

Both companies did not immediately respond to Reuters' request for comments outside regular business hours.

(Reporting by Dimpal Gulwani in Bengaluru; Editing by Rashmi Aich)