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Hostess Brands shelving sale in favour of IPO: sources

Thursday, July 9, 2015 - 05:50

New York

HOSTESS Brands LLC, the US bakery company whose snack cake brands include Twinkies and Ding Dongs, has pulled itself from the auction block because it believes it can command a higher valuation in an initial public offering (IPO), according to people familiar with the matter.

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