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Apollo Global Management LLC and C. Dean Metropoulos & Co Near Deal For Hostess Twinkies-Reuters

Tuesday, 29 Jan 2013 01:38pm EST 

Reuters reported that 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. A deal for roughly $400 million, part of Hostess Brands Inc's HTBRS.UL bankruptcy process, could be announced, said one of the sources, who declined to be identified as the discussions are not public. The so-called stalking horse bid by the private equity firms would serve as the baseline offer for the business, which also includes Dolly Madison bread and Hostess cupcakes. It could still be topped by others at an auction. 

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29 Jul 2014