Hostess CEO Says Sale to Grupo Bimbo a ‘Misconception’
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Hostess Brands Inc. Chief Executive Officer Gregory Rayburn said Grupo Bimbo SAB won’t be a potential buyer for the bankrupt baker of Twinkies and Wonder Bread.
“One misconception in the market is that Bimbo would be a buyer and bakery leadership told us in several plants that Bimbo would come in and buy, which is absurd,” Rayburn said today in an interview with Bloomberg Television.