Saturday, 23 May 2015
Last updated 10 hours ago
Jan 31 2013 | 11:42am ET
Private equity firms Apollo Global Management and Metropoulos & Co. have officially been named the lead bidders for most of Hostess Brands' iconic snack cakes with an offer of up to $410 million.
Bankrupt Hostess formally selected the two firms as stalking-horse bidders yesterday. It is seeking a March 13 auction for the assets, which include Twinkies, CupCakes, Ding Dongs, Ho Hos and Donettes. The winning bidders will also get five bakeries.
"We are pleased to be partnered with Apollo as we seek to resurrect Hostess Snacks and return these legendary products to the American consumer," Metropoulos founder C. Dean Metropoulos said.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…