Twinkies could be back by fall as Hostess finds buyer
Hostess Brands Inc. has selected a joint offer from investment firms Metropoulos & Co. and Apollo Global Management LLC to sell off its famous Twinkies brand, and CEO Greg Rayburn told CNBC they could be on shelves for the back-to-school season, the Associated Press reports.
The $410 million stalking horse bid, which could be trumped by another company and must be approved by a bankruptcy judge, is for the snack-cake brand and five bakeries.
Hostess operated 33 bakeries across all its brands, including…
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