date:Jul 25, 2013
to commit to purchase the remaining assets now on an as-is basis provides valuable certainty to the debtors estates, Hostess Brands, Inc. said in a July 3 filing.
As the stalking horse bidder, Hackman Capital will get a $1.75 million breakup fee if it is outbid at the auction.
The deadline for competing, qualified bids is Aug. 8, with a potential sale hearing set for Aug. 21.