Wednesday, 25 May 2016
Last updated 15 hours ago
Jan 30 2013 | 2:39pm ET
A pair of private equity firms is set to buy some of Hostess Brands' most iconic snack cakes out of bankruptcy.
Apollo Global Management and Metropoulos & Co. will be named the stalking-horse bidders for the brand yesterday. A deal could be announced at any time.
Among the brands the two firms are to buy are Twinkies, Hostess cupcakes, Dolly Madison bread and Donettes.