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Twinkies maker Hostess to go public under new owner
July 6, 2016 by publisher · Leave a Comment
The Kansas City, Missouri-based snack cake company, which was founded in 1919, will be acquired by Gores Holdings Inc , a special purpose acquisition company (SPAC). Including debt, the total value of the deal is about $2.3 billion, Hostess said. The company's products, especially the golden, cream-filled Twinkies cakes, are ingrained in American pop culture and have long been packed in children's lunch boxes.
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Twinkies maker Hostess to go public under new owner