Twinkies maker Hostess to go public: Reuters

(Reuters) — Hostess Brands LLC, the maker of Twinkies, said it had entered into a deal with Gores Holdings Inc (GRSH.O) to go public.

Hostess is expected to have an initial enterprise value of about $2.3 billion, the companies said on Tuesday.

Funds managed by affiliates of Apollo Global Management LLC (APO.N) and C. Dean Metropoulos and family, the current majority owners of Hostess, expect to hold a combined stake about 42 percent in Gores Holdings upon completion of the deal.