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Gores Completes Acquisition of Hostess
- Client News
- November 4, 2016
As reported by The Wall Street Journal and other media outlets, Hostess Brands, LLC, the maker of Twinkies, Ding Dongs and CupCakes, announced that it has completed its sale to Gores Holdings, Inc., a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC. In connection with the transaction, Gores Holdings has been renamed Hostess Brands, Inc. Its common stock and warrants will trade on NASDAQ under the symbols "TWNK" and "TWNKW", respectively. Paul, Weiss client, the Metropoulos family, together with funds managed by affiliates of Apollo Global Management, LLC, will continue to hold an approximately 42 percent stake in the Company. C. Dean Metropoulos will continue with Hostess as its Executive Chairman.
The Paul, Weiss team acting as legal advisor to C. Dean Metropoulos and his family included corporate partners Edward Ackerman and John Kennedy; tax partner Jeffrey Samuels; and employee benefits partner Lawrence Witdorchic and counsel Jason Ertel.
