Hostess Brands $106 Million Secondary Offering
Davis Polk advised the sole bookrunner in connection with the $106.48 million SEC-registered secondary offering of 8,000,000 shares of Class A common stock of Hostess Brands, Inc. by certain selling stockholders affiliated with Metropoulos & Co. Hostess’s Class A common stock is listed on the Nasdaq Capital Market under the symbol “TWNK.”
Based in Kansas City, Missouri, Hostess is a leading packaged food company focused on developing, manufacturing, marketing, selling and distributing fresh baked sweet goods in the United States. The Hostess brand dates to 1919 when Hostess CupCake was introduced to the public, followed by Twinkies in 1930.
The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Dan Gibbons and Ariel Rivera. The tax team included partner David H. Schnabel and associate Joseph Jarashow. Counsel Loyti Cheng and associate Megan Cronin provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.