Nasdaq Welcomes Hostess Brands, Inc. (Nasdaq: TWNK) to The Nasdaq Stock Market
November 10 2016 - 2:27PM
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
http://www.globenewswire.com/NewsRoom/AttachmentNg/1a4b6fd6-b45c-4f0b-9d9b-6a6a4cb07aeb
http://www.globenewswire.com/NewsRoom/AttachmentNg/43de424b-835e-4d1c-b93f-735d9c9d9370
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.”
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and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
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of its affiliates makes any recommendation to buy or sell any
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materially from those expressed or implied. Past performance is not
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MEDIA RELATIONS CONTACT:
Stephanie Lowenthal
(646) 441-5073
Stephanie.lowenthal@nasdaq.com
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com
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