Reuters: Bankruptcy News: Apollo, Metropoulos submit baseline offer for Hostess Twinkies

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Apollo, Metropoulos submit baseline offer for Hostess Twinkies Jan 31st 2013, 01:50 Wed Jan 30, 2013 8:50pm EST Jan 30 (Reuters) - Hostess Brands Inc said private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co have set a baseline offer of $410 million to buy the company's snack cake brands including Hostess Twinkies and Dolly Madison. The so-called stalking horse bid by the private equity firms would serve as the baseline offer for the business, which could still be topped by others. Hostess said it will select the winning bidders for the assets of the bread and snack cake businesses at the conclusion of various auctions. (Reporting by Sakthi Prasad in Bangalore; Editing by Chris Gallagher)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions