Hostess Said to Plan IPO in Lieu of Sale (APO)

Hostess Brands LLC is said to skip a move to sell itself in favor of conducing a potential IPO.

Reuters noted that Hostess began the process of selling itself earlier this year, but turned down offers from private equity firms and other companies which valued the snack maker at between $2.4 and $2.5 billion, inclusive of debt.

Hostess is planning to borrow money to provide a dividend for investors and sees an IPO valuing the company higher than individual suitors.

Notably, Apollo Global Management (NYSE: APO) and C. Dean Metropoulos acquired Hostess in 2013 for $410 following a bankruptcy filing.

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