date:Feb 28, 2013
firms Apollo Global Management L.L.C. and C. Dean Metropoulos Co. are the stalking horse bidders for those brands with a bid of $410 million. The second auction would be for Hostess Drakes cake business and additional bread brands. McKee Foods, maker of Little Debbie snack cakes, has the stalking horse bid of $27.5 million for Drakes, while United States Bakery Inc., also known as Franz Family Bakery, has agreed to pay $28.85 million for the Sweetheart, Eddy's, Standish Farms and Grandma Emili