Saturday, 20 December 2014
Last updated 16 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.