- The Associated Press reports that Metropoulos & Co. CEO and founder Dean Metropoulos, whose company—together with Apollo Global Management—offered $410 million for the Hostess cakes, wants Twinkies "back on the shelf by this summer."
- A bankruptcy filing on Monday showed that Hostess Brands would not pursue an auction, as no competing bidders for Twinkies had emerged.
- Hostess also canceled auction plans for Wonder bread, which went to Flowers Foods for $360 million.
From the article:
NEW YORK (AP) — Hostess is moving ahead with plans to sell its Twinkies, and one of the new owners says the spongy cream-filled snacks could be back on shelves by summer. ...