Twinkies Deal: Hostess Picks Lead Bidder For Snack-Cake Business, Bakeries

NEW YORK — Hostess has picked a lead bidder for its famous Twinkies.

The bankrupt company said late Wednesday that it has selected a joint offer from two investment firms – C. Dean Metropoulos & Co. and Apollo Global Management LLC – as the lead bid for its Twinkies and other snack cakes.

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Twinkies Deal: Hostess Picks Lead Bidder For Snack-Cake Business, Bakeries

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