date:Feb 28, 2013
rs, known as a stalking horse, for its snack cakes. A joint offer from two investment firms , Metropoulos Co. and Apollo Global Management LLC , was picked as the lead bid for Twinkies and other snack cakes. Hostess CEO Greg Rayburn has said he expects that auction to be wild and wooly.
McKee Foods, which makes Little Debbie snack cakes, was picked as the lead bidder for Drake's cakes, which include Devil Dogs, Funny Bones and Yodels. The deadline to submit competing offers for the snack cakes