Business

May 15, 2014 4:41 PM

Owner of Hostess Brands seeks $175 million dividend payout

Apollo Global Management and co-owner C. Dean Metropoulos & Co. are pursuing the payout from Hostess, according to a statement from Standard & Poor’s. The payout won’t affect the company’s rating of B- and will leave it with $40 million in cash and $60 million in available credit.

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