Tuesday, January 29, 2013

Reuters: Bankruptcy News: Apollo, Metropoulos near deal for Hostess Twinkies-source

Reuters: Bankruptcy News
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Apollo, Metropoulos near deal for Hostess Twinkies-source
Jan 29th 2013, 16:55

By Martinne Geller

NEW YORK | Tue Jan 29, 2013 11:55am EST

NEW YORK Jan 29 (Reuters) - Private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Twinkies from bankrupt Hostess Brands Inc, according to a source familiar with the matter.

A deal, part of Hostess's bankruptcy reorganization, is not yet final, said the source, who declined to be identified as the discussions are not public.

Spokesmen for Metropoulos and Apollo were not immediately available to comment. Hostess declined to comment. (Reporting By Martinne Geller in New York; Editing by Gerald E. McCormick)

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