Hostess, Back from the Dead, Now Could Be Worth Billions
In 2012, Hostess, the iconic American bakery giant behind Ding Dongs, Ho Ho’s and Twinkies, was bankrupt, with plans to slash more than 18,000 jobs and close its doors for good amid a crippling nationwide strike. Then, in 2013, a snack-cake savior appeared. The Missouri-based sweets maker was bought for $410 million by a partnership between private-equity giant Apollo Global Management and C. Dean Metropoulos, a billionaire turnaround...
