Deals
Hostess Names Flowers Foods as Lead Bidder for Bread Business
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Hostess Brands Inc., the bankrupt maker of Wonder bread and Twinkies, said Flowers Foods Inc. is the lead bidder for most of the assets of its bread-baking operations.
“We are pleased with the Flowers offers and look forward to a robust auction process that will allow these iconic brands to continue and to maximize value for all of the company’s stakeholders,” Hostess Chief Executive Officer Gregory F. Rayburn said yesterday in a statement.