Hostess Set to Announce Bidder for Twinkies

NEW YORK (AP) -- 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.


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  • Report this Comment On January 29, 2013, at 2:00 PM, Johny205 wrote:

    Who even eats Twinkies anymore?

  • Report this Comment On January 29, 2013, at 2:23 PM, NOTvuffett wrote:

    After the nuclear war that wipes out most life on earth, I thought there would only be cockroaches left as living organisms- and of course Twinkies would be left intact (if slightly radioactive, lol). The only problem is cockroaches can't open the packages they come in, lol.

    But seriously, I thought 'Bimbo' was making a bid on the 'Twinkie' brand name.

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