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Hostess expects to establish up to six stalking horse bidders for Twinkies et al
date:Jan 09, 2013
A stalking-horse bid is an initial bid on a bankrupt company's assets from an interested buyer chosen by the bankrupt company from a pool of bidders that sets the bar so other bidders can't low-ball the purchase price.

Once the stalking horse has made its bid, other potential buyers may submit competing bids.


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12/24 04:40