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Apollo Global Management and Metropoulos & Co. Sign Agreement to Acquire Certain Hostess Snack Brands and Bakeries

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Apollo Global Management and Metropoulos & Co. Sign Agreement to Acquire Certain Hostess Snack Brands and Bakeries Powered By Docstoc
					
				
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posted:1/31/2013
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Description: NEW YORK & GREENWICH, Conn.--(BUSINESS WIRE)--Affiliates of Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries “Apollo”) and Metropoulos & Co. (“Metropoulos”) today announced that they have entered into a “stalking horse” asset purchase agreement to acquire certain assets of Hostess Brands, Inc.’s baked snack foods business (“Hostess Snacks”) for $410 million in cash. Per the terms of the agreement, Apollo and Metropoulos will acquire certain Hostess Snacks brands, a style='fon
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