- Just days after Wonder bread went to Flowers Foods for $360 million, bankrupt Hostess has selected Mexico's Grupo Bimbo to buy Beefsteak bread for $31.9 million, the Associated Press reports.
- Hostess is expected to ask a bankruptcy judge to approve the sale on March 19.
From the article:
"... Hostess said a $31.9 million bid by the maker of Entenmann's cakes beat out another offer by Flowers Foods, which makes Tastykakes and Nature's Own bread. Beefsteak is a regional rye bread available in some states. ..."