Law360, Los Angeles (May 11, 2012, 8:02 PM ET) -- Private equity firm KPS Capital Partners LP is one of at least two bidders that have placed formal offers to purchase Hostess Brands Inc., offering a potential lifeline for the cakes maker as it struggles through a contentious bankruptcy, according to a Thursday news report.
The bids likely ranged between $500 million and $600 million, a New York Post report said, citing an anonymous source. Hostess, its lenders and unions are scheduled to discuss the proposal Monday with U.S. Bankruptcy Judge Robert D. Drain, who is...
KPS Capital Cooks Up Bid To Buy Hostess
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