NEW YORK (AP) - 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.
Friday, May 17 2013 12:09 PM EDT2013-05-17 16:09:18 GMT
FARMERVILLE, La. (KNOE 8 News) - The family of a Farmerville teen who died at football practice last week says it is overwhelmed by the community's gratitude.
FARMERVILLE, La. (KNOE 8 News) - The family of a Farmerville teen who died at football practice last week says it is overwhelmed by the community's gratitude.
MONROE, La. (KNOE 8 News) - Monroe's first Bayou Desiard Dragon Boat Festival is here."It's something that I saw in another town and I really wanted to bring it to Monroe. You know, we could not have done
MONROE, La. (KNOE 8 News) - Dragon boat racing kicks off this Saturday and the proceeds are going to a good cause.
Friday, May 17 2013 7:24 PM EDT2013-05-17 23:24:29 GMT
MONROE, La. (KNOE 8 News) – Jeane Gonzales has lived in the same house for nearly 40 years, but now she is facing a major problem. A leak is coming from her home's water meter.
MONROE, La. (KNOE 8 News) – Jeane Gonzales has lived in the same house for nearly 40 years, but now she is facing a major problem. A leak is coming from her home's water meter.
By Victoria Shirley MONROE, La. (KNOE 8 News)- Anglers get ready, the Ronald McDonald house just announced its 21st annual big bass tournament. Each year, the tournament is a fundraiser for the Ronald
MONROE, La. (KNOE 8 News)- Anglers get ready, the Ronald McDonald house just announced its 21st annual big bass tournament.
