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Hostess Cupcakes, Twinkies finds their savior
date:Mar 13, 2013
liquidate its assets after a strike by a baker's union crippled the company's operations.

This is the salvation Hostess has been waiting for, said Anthony Sabino, a business law professor at St. John's University. The amount being paid, he said, is a significant outpouring for a brand that was basically left for dead.

STRATEGIC INVESTOR

Last year, Forbes ranked the 66-year-old Metropoulos, a resident of Greenwich, Connecticut with Greek ancestry, as No. 377 on its list of U.S. billionaires.

12/25 06:55