Apollo May Bid For Hostess Snack Business

Law360, New York (January 9, 2013, 2:04 PM EST) -- Private equity giant Apollo Global Management LLC is reportedly considering teaming up with C. Dean Metropoulos & Co. to make a bid for for bankrupt Hostess Brands Inc.’s snacks business, which includes classic treats like Twinkies, Ding Dongs and Ho Hos.

While Metropoulos’ interest was known in November, this is the first time Apollo’s name has been introduced, the New York Post reported Tuesday.

Hostess, which filed for Chapter 11 protection in January 2011, was given approval to start winding down its business in November after...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.