Hostess Set to Announce Bidder for Twinkies

Tuesday, 29 Jan 2013 12:32 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The indestructible Twinkie appears to be one step closer to a comeback.

Hostess Brands is close to announcing that it has picked two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management — as the lead bidders for its Twinkies and other snack cakes, according to a source close to the situation.

The joint "stalking horse" bid would set the floor for an auction process that lets competitors make better offers. A judge would have to approve any final sale.

After years of management turmoil and turnover, Hostess declared it was going out of business and selling its brands in November.

Hostess has already picked separate lead bidders its Drake's cakes and breads, which include Wonder.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

NYC Politicians Criticize Anti-Islam Ads Due to Run on Buses

Tuesday, 23 Sep 2014 18:22 PM

New York City politicians and religious leaders on Tuesday criticized a series of anti-Islam advertisements due to appea . . .

Cleta Mitchell: Lerner Talking to Politico 'Bizarre'

Tuesday, 23 Sep 2014 17:09 PM

The fact that former IRS official Lois Lerner will sit down with Politico and the Justice Department, but won't talk to  . . .

Fired UPS Worker Kills Two Supervisors, Self, in Alabama

Tuesday, 23 Sep 2014 16:32 PM

A recently-fired UPS employee on Tuesday shot dead two supervisors at the company facility where he had worked in Birmin . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved