Twinkies…the nutritional facts, as compared with other sweet snacks, may surprise you. Twinkies, the ever-popular snack cake, is about to make a “sweet comeback.” Hostess Brands went bankrupt in 2012, but based on an outpouring of nostalgia sparked by its demise, Hostess is expecting a blockbuster return thanks to a joint venture by private equity firms […]
A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms. Hostess Brands Inc. is selling the spongy yellow cakes, along with other snacks including Ding Dongs and Ho Hos, to Apollo Global Management and Metropoulos & Co. for $410 million. Metropoulos, which owns Pabst beer, has said it hopes to […]
The new buyers of Twinkies apparently developed a sweet tooth for Hostess snack cakes. Apollo Global Management and Metropoulos & Co., which made a joint offer to snap up the famous cream-filled cakes, have also entered the contest to buy Drake’s, which include Devil Dogs and Yodels, according to a source who requested anonymity because the sale process is private. The fresh offer […]
Hostess has picked a lead bidder for its famous Twinkies. The bankrupt company said late Wednesday that it has selected a joint offer from two investment firms, Dean Metropoulos & Co. and Apollo Global Management, as the lead bid for its Twinkies and other snack cakes. Hostess says the two are offering to pay […]
Twinkie lovers, relax. The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court. Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho’s, will be in a New York bankruptcy courtroom Monday to start the process of selling itself. The […]