date:Mar 12, 2013
scheduled for 10 a.m. EST on March 19. Under a purchase agreement announced Jan. 30, HB Holdings L.L.C., an affiliate of private equity groups Apollo Global Management L.L.C. and Metropoulos Co., would pay $410 million for the Hostess and Dolly Madison snack cake business.
Qualified bids for the Drakes brand are due by 5 p.m. EST on March 12, with an auction, if necessary, set for 10 a.m. EST on March 15. A hearing at the bankruptcy court to approve the sale transaction has been scheduled for