Morgan Lewis Advises Apollo On $410M Twinkies Bid

Law360, New York (January 31, 2013, 3:15 PM EST) -- Apollo Global Management LLC and C. Dean Metropoulos & Co. said Wednesday they had entered into a $410 million stalking horse agreement to make the first bid for bankrupt Hostess Brands Inc.'s iconic snack cake brands, including its famed Twinkies.

The all-cash deal sets the bar for other potential bidders who want to put in offers for Twinkies and other Hostess cake brands, and marks the largest opening bid Hostess has secured yet for any of its products.

“We are pleased to be partnered with Apollo...
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