Judge OKs Auctions For Hostess Twinkie, Bread Brands

Law360, New York (February 11, 2013, 3:09 PM EST) -- A New York bankruptcy judge on Monday approved the process, including a $410 million stalking horse bid by Apollo Global Management LLC and C. Dean Metropoulos & Co., for Hostess Brands Inc. to sell off its Twinkies and other iconic brands.

U.S. Bankruptcy Judge Robert Drain greenlighted Hostess’ plan to hold a March 19 hearing to authorize the sale of its snack cake brands, its Drake’s brand and four of its bread brands. The bid deadline for the Hostess and Dolly Madison brands is March 11,...
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