Apollo-Led Group Ready To Unwrap Twinkie Bid

Law360, New York (January 22, 2013, 8:00 PM EST) -- The competition for Hostess Brands Inc.'s cake business — home to the beloved Twinkie — may have a front-runner, with the team of Apollo Global Management LLC and C. Dean Metropoulos & Co. preparing to make the first bid, according to a Tuesday news report.

For months, Hostess has been in the process of trying to find a buyer for its assets, including the popular sponge cake treat, as it seeks to unwind the business after failing to reorganize.

Reports surfaced earlier this month that private...
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