date:Mar 14, 2013
nited States Bakery would pay $28.85 million in cash for the brands, 4 baking plants, 14 depots and other assets.
Also yesterday, Hostess Brands confirmed the stalking horse bid submitted by affiliates of Apollo Global Management, L.L.C. and Metropoulos Co. for the majority of the companys snack cake business, which includes both Hostess and Dolly Madison branded products, will be the bid presented for approval to the U.S. Bankruptcy Court as no other qualified bids were received for those ass