So who won “Twinkies”?
KANSAS CITY, Mo., March 12, 2013 - Hostess Brands Inc. (”Hostess Brands” or “the Company”) announced that the stalking horse bid submitted by affiliates of Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries “Apollo”) and Metropoulos & Co. (”Metropoulos”) for the majority of the Company’s snack cake business, which includes both Hostess® and Dolly Madison® branded products, will be the bid presented for approval to the U.S. Bankruptcy Court as no other qualified bids were received for those assets.