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Hostess plan to auction major bread brands approved
date:Jan 30, 2013
o 5% of the purchase price, must be made to qualify as a bidder.

At the auction, participants (including Flowers) will be permitted to increase their bids. Bidding on the bread business assets will begin at the purchase price and terms proposed in the baseline bid, and will proceed afterward in increments of $1 million.

In a statement Jan. 25 following the hearing in which the auction plan was approved, support for the process was expressed by David B. Durkee, international president of The B

12/24 19:46