date:Mar 15, 2013
ualified offers. Portland, Ore.-based United States Bakery, Inc., also known as Franz Family Bakeries, is the stalking horse bidder after agreeing to pay $30 million for the brands, 4 bakeries, and 14 depots, plus certain equipment.
Earlier this week Hostess announced the proposed sale of the majority of its snack cake business to affiliates of Apollo Global Management, L.L.C. and Metropoulos Co. Apollo and Metropoulos have agreed to pay $410 million for the assets, which include both Hostess