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Hostess set to announce bidder for Twinkies

Home - by - January 30, 2013 - 08:00 America/New_York - 11 Comments

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NEW YORK –  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.

FOX NEWS

» 11 Comments

  1. thirdtwin

    January 30th, 2013

    I love the twinkie cleavage in the background.

    Thumb up +4

     
  2. bettycooper

    January 30th, 2013

    Get out of my head thirdtwin!
    Though, on second look it isn’t bewbies.
    It’s Tom Brady’s cheeks.

    Thumb up +3

     
  3. thirdtwin

    January 30th, 2013

    To each his own, bettycooper…to each his own.

    Thumb up +3

     
  4. Anonymous

    January 30th, 2013

    Tiger Woods dead

    Thumb up +1

     
  5. thirdtwin

    January 30th, 2013

    anonymous, the white hispanic Senator Bob Menendez is said to be a person of interest in the case.

    Thumb up +2

     
  6. McFartus Spontaneous

    January 30th, 2013

    I think Michael Moore and Krispy Kristy are the silent bidders

    Thumb up +4

     
  7. demonrat dave

    January 30th, 2013

    Did I ever tell you I was Twinkie the kid? It’s true, I worked at the Wonder Bread bakery thrift store ans was told to wear a fiberglass dildo and stand by the street and wave at the kiddies.

    Thumb up +4

     
  8. persecutor

    January 30th, 2013

    May the highest bidder take the jobs to a right to works State and open up as a union free bakery.

    That’ll serve the union goons right for their greed.

    Thumb up +6

     
  9. Stirrin the B.S.

    January 30th, 2013

    Whoever the successful bidder is, I have a suggestion for their next spokesman – the number one Twinkie-in-Chief.

    Thumb up +1

     
  10. Dan Ryan Galt

    January 30th, 2013

    Word on the street is Neil Cavutos’ bidding.

    Thumb up +1

     
  11. sig94

    January 30th, 2013

    @Thirdtwin – rats, now I can’t get that Twinkie cleavage out of my mind.

    To tell the truth, the spongy cake reminds me of Miss Piggy’s …

    http://amnunews.blogspot.com/2010_09_01_archive.html

    Thumb up 0