Deals
Metropoulos Plans to Bid for Hostess Cakes With Apollo
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C. Dean Metropoulos & Co. said it plans to bid for the cakes business of bankrupt Twinkies maker Hostess Brands Inc. with Apollo Global Management.
“We continue to be very engaged in the bidding process,” Daren Metropoulos, a principal at the private-equity firm that owns Pabst Brewing Co., said in an e-mail. “We are working diligently to get a deal done.”