February 26, 2013
A group of 141 labor unions told a New York bankruptcy judge Monday that they were reserving the right to seek damages over job losses tied to the combined $390 million sale of Hostess Brands Inc.'s bread- and beefsteak-related brands.
February 11, 2013
A New York bankruptcy judge on Monday approved the process, including a $410 million stalking horse bid by Apollo Global Management LLC and C. Dean Metropoulos & Co., for Hostess Brands Inc. to sell off its Twinkies and other iconic brands.
January 31, 2013
Apollo Global Management LLC and C. Dean Metropoulos & Co. said Wednesday they had entered into a $410 million stalking horse agreement to make the first bid for bankrupt Hostess Brands Inc.'s iconic snack cake brands, including its famed Twinkies.
January 29, 2013
Hostess Brands Inc. has reached a deal that will allow private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co. to make the first bid for its iconic Twinkies and other snack cake brands for $400 million, according to Tuesday news reports.
January 28, 2013
Hostess Brands Inc. on Monday said the maker of Little Debbie snacks has offered $27.5 million for its Drake's brand — known for its Devil Dogs and Ring Dings — while an Oregon baking company has made a $28.85 million play for four of its bread brands.
January 25, 2013
A New York bankruptcy judge on Friday greenlighted the bidding process for the bread division of Hostess Brands Inc., certifying Flower Foods Inc. as the stalking horse bidder with a proposed bid of $390 million.
January 23, 2013
Private equity firms, hedge funds and other unsecured creditors of Hostess Brands Inc. on Tuesday protested the nearly $14 million breakup fee attached to a proposed $390 million stalking horse bid for the bankrupt bakery company's bread division.
January 22, 2013
The competition for Hostess Brands Inc.'s cake business — home to the beloved Twinkie — may have a front-runner, with the team of Apollo Global Management LLC and C. Dean Metropoulos & Co. preparing to make the first bid, according to a Tuesday news report.
January 18, 2013
A New York bankruptcy judge on Thursday gave Hostess Brands Inc. and ACE American Insurance Co. the go-ahead to enter a deal that allows the company to pay off debts owed to the insurer and its ESIS Inc. affiliate and puts to rest a contentious battle over the funds.
January 14, 2013
Hostess Brand Inc. has reached a proposed deal with ACE American Insurance Co. and its ESIS Inc. affiliate to resolve the bankrupt snack company's motion to dip into cash collateral provided as security for workers' compensation and auto insurance policies, according to a Friday filing in New York bankruptcy court.