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Mealeys

MLex

Old HB, Inc. (f/k/a Hostess Brands, Inc.), et al.

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Case overview

Case Number:

7:12-bk-22052

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. April 09, 2013

    Hostess Gets Approval To Sell Drake's, Bread Brands

    A New York bankruptcy judge signed off Tuesday on the last major asset sales for Hostess Brands Inc., allowing McKee Foods Corp. to purchase its Drake's brand for $27.5 million and an Oregon-based company to buy its last few bread brands for $30.9 million.

  2. April 04, 2013

    Hostess Union Pulls Objections To Upcoming Asset Sales

    The bakers union of Hostess Brands Inc. on Thursday dropped its objections to the company's planned sales of its Drake's brands after Hostess agreed to add language saying the deals would not limit any bargaining obligations of the respective purchasers.

  3. March 19, 2013

    Hostess' $800M Sale Of Twinkie, Bread Brands Approved

    Hostess Brands Inc. on Tuesday won New York bankruptcy court approval to sell $800 million of assets representing the heart of its business, including a $410 million deal with Apollo Global Management LLC and C. Dean Metropoulos & Co. for Twinkies and other iconic snack cake brands.

  4. March 15, 2013

    Hostess Rips Unions' Objections To Upcoming Asset Sales

    Hostess Brands Inc. on Thursday fought back against the objections of its bakers union and government authorities to its planned asset sales, arguing that the deals are its only viable options in light of its Chapter 11 proceedings in New York.

  5. March 14, 2013

    McKee Foods To Snag Hostess Drake's Brand With $27.5M Bid

    With no other qualified takers for Hostess Brands Inc.'s Drake's snack cake brand, the beleaguered food maker will proceed with Little Debbie snacks-maker McKee Foods Corp.'s $27.5 million bid for the brand, the companies said Thursday.

  6. March 13, 2013

    Bakers Union Fights Hostess Cake Buyers Over Jobs

    A Hostess Brands Inc. bakers union continued to battle with the bankrupt snack icon Tuesday when it challenged the proposed sales of some of Hostess' cake brands, saying none of the potential purchasers have committed to preserving jobs.

  7. March 12, 2013

    Apollo Takes The Cake With $410M Twinkies Bid

    The bankrupt Hostess Brands Inc. told a New York bankruptcy judge on Monday that it would sell its famed snack cake brands, including Twinkies, to Apollo Global Management LLC and C. Dean Metropoulos & Co. after no competing bidders emerged to best the groups' $410 million offer.

  8. March 07, 2013

    US Trustee Challenges Fee Requests In Hostess Ch. 11

    The U.S. trustee asked a New York bankruptcy judge Wednesday to set aside some of the fees requested by Hostess Brands Inc.'s lawyers and other professionals because the former Twinkie maker has yet to scale a mountain of secured debt in its liquidation.

  9. March 04, 2013

    Hostess Bakery Sale Would Skirt Enviro Rules, US Says

    The U.S. on Friday urged a bankruptcy judge to reject Hostess Brands Inc.'s sale of several of its bakeries over the sale's broad environmental releases, while Hostess itself sought $2.8 million from The Kroger Co. for products delivered months ago.

  10. February 28, 2013

    Hostess Assets Net $392M In Bids From Flowers, Bimbo

    Hostess Brands Inc. on Thursday auctioned most of its bread business to Georgia-based bakery food maker Flowers Foods Inc. for $360 million, while Mexico's baking giant Grupo Bimbo SAB de CV edged out Flowers for the Hostess Beefsteak bread business with a $31.9 million bid.