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Hostess plan to auction major bread brands approved
date:Jan 30, 2013
Hostess may proceed with plans to sell its major bread brands in an auction with Flowers Foods, Inc. as the stalking horse bidder, said Judge Robert D. Drain, U.S. Bankruptcy Court for the Southern District of New York.

With the approval, qualified bids must be submitted by 5 p.m. on Feb. 25, and an auction will be conducted at 10 a.m. Feb. 28. Objections to the sale taking place must be submitted by 4 p.m. Feb. 25, and a hearing about the sale will be held March 5.

Flowers has signed a purcha

12/24 16:06