Hostess Snacks Bought for $410 Million

Hostess's iconic sweets will soon return to grocery store shelves. The brands have been sold to a group of billionaire investors for $410 million.

Two private equity shops, Apollo Global Management and Metropoulos & Co., emerged as the victors. "We are very pleased to have the opportunity to bring back America's favorite snack. Apollo and I are proud to be associated with an outstanding set of brands," Dean Metropoulos, the eponymous company's founder said in a statement.

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