Twinkie

110 bidders interested in company

29 Nov, 2012

Hostess gets final approval for its wind-down plans in bankruptcy court. The company said in court that it’s in talks with 110 potential buyers for its brands. The suitors include at least five national retailers such as supermarkets, a financial adviser for Hostess said. The process has been “so fast and furious” Hostess wasn’t able to make its planned calls to potential buyers, said Joshua Scherer of Perella Weinberg Partners.

SCHERER: Not only are these buyers serious, but they are expecting to spend substantial sums.

Sherer noted that six of them had hired investment banks to help in the process.

Add your comments below...