the-decades

Twinkies maker Hostess to go public under new owner

The Kansas City, Missouri-based snack cake company, which was founded in 1919, will be acquired by Gores Holdings Inc , a special purpose acquisition company (SPAC). Including debt, the total value of the deal is about $2.3 billion, Hostess said. The company's products, especially the golden, cream-filled Twinkies cakes, are ingrained in American pop culture and have long been packed in children's lunch boxes.

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Twinkies maker Hostess to go public under new owner

the-decades

‘Sweetest’ town clings to Hershey, adding to takeover hurdles

The impact of such views goes beyond sentimental in the wake of Mondelez International Inc's $23 billion bid to buy the company, which Hershey said on June 30 it had rejected. The town of Hershey, where the company's staunchest loyalists are referred to as “Hershey-ites”, has real influence over corporate decisions. The Hershey Trust, a $12 billion school charity and the company's controlling shareholder, has become increasingly involved in the local community over the decades, and

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‘Sweetest’ town clings to Hershey, adding to takeover hurdles