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 This material may not be published, broadcast, rewritten or redistributed.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

Chaffetz: Quarantine Anyone Who Has Ebola Patient Contact

Friday, 24 Oct 2014 19:32 PM

Anyone who has had direct contact with an Ebola patient should be put in quarantine upon their return to the United Stat . . .

Judge Blocks New Jersey Sports Betting Law

Friday, 24 Oct 2014 19:16 PM

A federal judge issued a temporary restraining order on Friday blocking a New Jersey law that would have allowed legal b . . .

Remains Belong to Missing Virginia Student

Friday, 24 Oct 2014 18:32 PM

Remains found nearly a week ago in a rural area of Virginia are those of a university student who disappeared last month . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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