Twinkies maker Hostess to go public

Twinkies maker Hostess Brands will be sold as part of a deal that will also take the company public.

The company’s new majority owner, Los Angeles-based private equity firm Gores Group, announced the $725 million deal Tuesday morning. Gores Group plans to make a public offering for Hostess shares, expecting that the IPO would value the company at $2.3 billion.

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