Hostess bounces back, will go public again

FILE - In this Monday, July 15, 2013 file photo, Twinkies are displayed in Gilbert, Ariz. A southwestern Missouri woman is sending Hostess snack cakes to troops in Afghanistan as part of a campaign called Operation Twinkie. Trisha Monroe told The Joplin Globe that 384 boxes of the treats were delivered to her Oronogo home Monday. She said she'll begin sending the Hostess cupcakes and Twinkies this weekend to soldiers overseas. (AP Photo/Matt York, File)

NEW YORK (AP) — Almost four years after seeking bankruptcy protection under a barrage of labor issues and rapidly changing appetites, the maker of Twinkies and Ding Dongs will take the stage once again as a publicly traded company.

Hostess Brands, which first emerged in 1919, has been shuffled between different owners since it sought Chapter 11 bankruptcy protection for a second time in July 2012.

The latest owners, the Apollo Global Management and Metropoulos & Co., will sell the company for $375 million in cash to Gores Holdings, an acquisition company run by the private equity firm, The Gores Group, the companies said Tuesday.

It was feared by many that the Hostess CupCake, a staple in school lunchboxes for decades, was a fading piece of Americana. Those fears, it appears, were premature.

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