Reuters – Hostess Cleared to Auction off Twinkie Brand

Hostess Brands, the bankrupt maker of Twinkies snack cakes, received court permission on Monday to proceed with auctions for several of its brands, including Twinkies and Wonder Bread, writes Reuters. Private equity firms Apollo Global Management and C. Dean Metropoulos & Co have set a baseline offer of $410 million to buy the company’s snack cake brands, Hostess said last month.

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