date:Jan 30, 2013
lders, said Gregory F. Rayburn, chairman and chief executive officer of Hostess Brands. The contemplated purchase prices for Drakes and the four bread brands, together with our previous announced stalking horse bid for the majority of our bread business, means we have agreements to sell these assets for at least $440 million.
We expect that figure to significantly increase once we announce a stalking horse bidder for the majority of our snack cake business, including Twinkies.