52: Twinkies Rise Again
11/15/16 • 17 min
Need a break from politics? Relax and have a Twinkie with Hostess Brands CEO Bill Toler, who stops by Deal of the Week to explain why his company went public again. Hostess almost liquidated in 2012, sparking a brief consumer panic that Ho Hos and Ding Dongs would go the way of the Dodo. But Apollo Global Management and Metropoulos & Co. acquired the company for $410 million in 2013, saving the brands. Earlier this year, they agreed with the Gores Group, a special purpose acquisition company, to take Hostess public. Now that Hostess is trading under the ticker TWNK, Toler explains to host Alex Sherman how the new company is different from the past -- even if the brands remain the same.
See omnystudio.com/listener for privacy information.
Need a break from politics? Relax and have a Twinkie with Hostess Brands CEO Bill Toler, who stops by Deal of the Week to explain why his company went public again. Hostess almost liquidated in 2012, sparking a brief consumer panic that Ho Hos and Ding Dongs would go the way of the Dodo. But Apollo Global Management and Metropoulos & Co. acquired the company for $410 million in 2013, saving the brands. Earlier this year, they agreed with the Gores Group, a special purpose acquisition company, to take Hostess public. Now that Hostess is trading under the ticker TWNK, Toler explains to host Alex Sherman how the new company is different from the past -- even if the brands remain the same.
See omnystudio.com/listener for privacy information.
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51: Forget The Election, M&A is Rigged, NYU Professor Says
M&A is a rigged game and the losers are shareholders of companies that do the acquiring, according to Aswath Damodaran, a professor of corporate finance and valuation at New York University. He tells host Alex Sherman that conflicts of interest among advisers, misaligned executive incentives and a refusal to involve the market in decision-making has led to a history of value-destroying deals. Still, October was the biggest month ever in terms of deal volume. Why do companies keep making big purchases when some evidence suggests it's bad for shareholders? Damodaran explains on this week's episode.
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53: FanDuel and DraftKings Finally Agree to Merge
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Deal of the Week - 52: Twinkies Rise Again
Transcript
Brought to you by Bank of America. Merrill Lynch Seeing what others have seen, but uncovering what others may not. Global Research that helps you harness disruption voted top global research from five years running. Meryll Lynch, Pierce, Fenner and Smith Incorporated. Welcome to Day of the Week Blombergs podcast on the world of Murders and Acquisitions. I'm your host, Alex Sherman. Thanks for listening. You know, I was originally planning to do t
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