A PYMNTS Company

US: The Twinkie finds a new home

By  |  March 14, 2013

Twinkie’s now-defunct maker, Hostess Brands Inc., has announced that the Department of Justice has officially begun reviewing Flowers Foods Inc’s bid to buy the bankrupt company. Flowers was reportedly the only bidder to qualify for Hostess’s offer of $360 million, whose assets include the Wonder, Butternut, Home Pride, Merita, and Nature’s Pride brands. The acquisition would also include 20 bread plants and 38 depots. An auction was initially scheduled for February 28, but the $360 million offer was deemed sufficient. A court date of March 19 is set to review the deal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Newsday

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.