Private Equity Team Offers Hostess $400M For Twinkies Brand

Law360, New York (January 29, 2013, 9:00 PM EST) -- Hostess Brands Inc. has reached a deal that will allow private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co. to make the first bid for its iconic Twinkies and other snack cake brands for $400 million, according to Tuesday news reports.

Hostess has not yet made an official statement about the sale, but the team of Apollo and Metropoulos, which owns Pabst Blue Ribbon, has been rumored to be in talks to make the stalking horse bid for the bankrupt company’s most...
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