- A bankruptcy judge has approved the $410 million sale of Hostess' snack cake business, which includes Twinkies, Ding Dongs and Ho Hos, to Apollo Global Management and Metropoulos & Co.
- The $360 million sale of Hostess' bread brands, composed of Wonder, Nature's Pride, Butternut, Home Pride and Merita, to Flower Foods was also approved.
- The judge also approved Grupo Bimbo's $31.9 million acquisition of Beefsteak, another bread brand.
From the article:
"... Metropoulos, which owns Pabst beer, has said it hopes to have the cakes back on shelves by this summer. ..."