Hostess Brands LLC, the iconic American baker of Twinkies and Ding Dongs, plans to become a publicly listed company three years after being bought out of liquidation.

An acquisition vehicle linked to Gores Group LLC will provide Hostess’s current owners -- private equity firm Apollo Management LLC and investor Dean Metropoulos -- with $375 million, and additional investors have committed $350 million in a private placement, the companies said in a statement Tuesday. Metropoulos and Apollo will retain a 42 percent stake after the transaction.

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