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Hostess Wins Approval for Asset Sales

Hostess Brands won permission to sell off the last of its major cake and bread assets, raising total sale proceeds from the baking company's liquidation to about $860 million.

 

Twinkies sale approved by judge

Twinkies

A bankruptcy judge on Tuesday approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer. Hostess Brands Inc. is selling Twinkies, Ding Dongs, Ho Hos and other brands to Apollo Global Management and Metropoulos & Co. for $410 million. Evan Metropoulos, a principal of the latter firm, said in an interview that he wants to have the snack cakes back on shelves by June and that the brands could benefit from new flavors and other product extensions.

 

Twinkies buyer says cakes could return by summer

Hostess is moving ahead with plans to sell its Twinkies, and one of the new owners says the spongy cream-filled snacks could be back on shelves by summer.

 

Flowers Foods set to buy Wonder bread: source

Wonder Bread

Flowers Foods Inc (FLO.N) is set to buy Hostess Brands Inc's HTBRS.UL bread brands including Wonder bread for $360 million, a source familiar with the matter said on Wednesday, giving the No. 2 U.S. baking company a bigger slice of the fast-consolidating bread business.

 

Apollo, Metropoulos near deal for Hostess Twinkies: sources

Private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Hostess Twinkies and Donettes, two sources familiar with the matter said on Tuesday.

 

WSJ says Hostess in talks to sell bread brands

Twinkies

A newspaper is reporting that Flowers Foods and Bimbo are emerging as bidders for the bread brands of Hostess, which in the midst of a bankruptcy-court liquidation of its assets.

 

Firms bidding for Twinkies brands

Twinkies

One of the best-known US snack food brands may survive as its bankrupt owner reveals it is in talks with 110 potential buyers.

 

Hoarding Twinkies? Relax, treats will likely survive Hostess sale

Twinkies

Twinkie lovers, relax. The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court. Hostess Brands, baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho's, will be in a New York bankruptcy courtroom today to start the process of selling itself.

 

Starting Ebay Bid for a Single Twinkie Is $5,000

Twinkies

...Even if America’s iconic lard-log is dying, however, its entrepreneurial spirit is very much alive. Which is evidenced by the market for Twinkies and Twinkie-related products that is currently emerging on eBay. According to prices set by the sellers on the auction site, if you want a piece of air-puffed, sugar-soaked, corn-fed American history … it is going to cost you.

 

Twinkies maker Hostess seeks bankruptcy protection

The maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat. Hostess Brands is hoping to cut its high costs as it heads back into bankruptcy protection for the second time in less than a decade.

 

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