NEW YORK, Nov. 10, 2016 (GLOBE NEWSWIRE) -- Hostess Brands, Inc. (Nasdaq:TWNK), makers of America’s most iconic baked sweet goods, including Twinkies®, Ding Dongs®, Ho Hos® and CupCakes, visited the Nasdaq MarketSite in Times Square today to celebrate the company’s listing on The Nasdaq Stock Market.
Photos accompanying this announcement are available at
As previously announced, Gores Holdings, Inc. (NASDAQ:GRSHU) (NASDAQ:GRSH) (NASDAQ:GRSHW) completed the acquisition of Hostess Brands, LLC. As a result of the transaction, Gores Holdings was renamed Hostess Brands, Inc. and its common stock and warrants now trade on NASDAQ under the symbols “TWNK” and “TWNKW”, respectively.
Funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE:APO) and C. Dean Metropoulos and family, the prior majority owners of Hostess, will continue to hold an approximately 42% combined stake in the Company. C. Dean Metropoulos and family, including Metropoulos & Co. Principals Evan Metropoulos and Daren Metropoulos, remain the largest shareholders of the company.
“Hostess is one of the largest packaged food companies focused on fresh baked sweet goods in the United States,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq. “Its iconic brands, outstanding management team and innovative spirit represent what it means to be a Nasdaq listed company, and we are looking forward to celebrating its future successes.”
By listing with Nasdaq, Hostess joins some of the world’s largest and most revolutionary companies. Nasdaq is the exchange of choice to some of the biggest of consumer companies listed on the U.S. markets.
“Listing on the Nasdaq just three years after acquiring the assets and mounting a storied Comeback is an extraordinary feat,” said Bill Toler, CEO of Hostess Brands, Inc. “I want to take this opportunity to acknowledge every Hostess employee, partner and consumer who contributed to this milestone we celebrate today.”
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of approximately $9.5 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.