Wednesday, November 21, 2012

Reuters: Bankruptcy News: Hostess says fielding 'flood of inquiries' by interested parties

Reuters: Bankruptcy News
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Hostess says fielding 'flood of inquiries' by interested parties
Nov 21st 2012, 17:51

NEW YORK | Wed Nov 21, 2012 12:51pm EST

NEW YORK Nov 21 (Reuters) - Hostess Brands Inc has received a "flood of inquiries" from a range of parties interested in buying several of its brands, the snack cake maker's lawyer said on Wednesday.

In a hearing in U.S. Bankruptcy Court in the Southern District of New York, the lawyer, Heather Lennox of Jones Day, said Hostess expects to find "stalking horse" bidders for some brands within a few weeks, with court-supervised auctions to follow.

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