date:Mar 21, 2013
e embarked on the sales process with one overarching goal to maximize value for all of the companys stakeholders, and I am pleased to report that we have been successful, said Gregory F. Rayburn, chairman and chief executive officer of Hostess, Irving, Texas.
Hostess said Robert Drain, a U.S. bankruptcy judge, approved the following transactions:
The acquisition by affiliates of Apollo Global Management, L.L.C. and Metropoulos Co. which agreed to pay $410 million for the assets of the major