Jan 30 Hostess Brands Inc said
private equity firms Apollo Global Management LLC and C.
Dean Metropoulos & Co have set a baseline offer of $410 million
to buy the company's snack cake brands including Hostess
Twinkies and Dolly Madison.
The so-called stalking horse bid by the private equity firms
would serve as the baseline offer for the business, which could
still be topped by others.
Hostess said it will select the winning bidders for the
assets of the bread and snack cake businesses at the conclusion
of various auctions.
(Reporting by Sakthi Prasad in Bangalore; Editing by Chris