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>> HOSTESS Latest News

JAN 14, 2013 - Washington Business Journal

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Hostess finds buyer for Wonder Bread

Hostess Brands Inc. has found a buyer for its bread brands, reaching a $390 million deal with Flowers Foods Inc., the Associated Press reports. Thomasville, Ga.-based Flowers Foods has agreed to pay $360 million for the Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands along with 20 bakeries and 38 depots. For $30 million it will buy Hostess' Beefsteak brand. The "stalking horse" bids can still be trumped and a final sale must be approved in bankruptcy court. Flowers Foods…

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