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Apollo Cuts Hostess Stake With Public Offering

By Matthew Perlman (April 10, 2017, 2:16 PM EDT) -- Hostess Brands Inc. said Monday that Apollo Global Management LLC-affiliated funds will sell 18.7 million shares in a public offering that has the private equity giant reducing its stake in the snack maker to about 2.6 percent after helping purchase it out of bankruptcy....

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