Apollo, Metropoulos Near Deal For Twinkies

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.

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