Daily News: December 14, 2012

Report: Over Two Dozen Bidders to Vie for Hostess

Hostess Brands’ assets are attracting a barrage of bidders – more than two dozen, Bloomberg reported, including Wal-Mart Stores, Kroger Co., Grupo Bimbo and Alpha Baking.

A portion of the bids will be placed for the assets of the company while others will be only for bread or cake businesses and others will be for the separate products or buildings currently owned by Hostess, the article said.

To read the Bloomberg article in its entirety, click here.

Previously on abfjournal.com:

WSJ: Hostess Maneuver Deprived Pension, Tuesday, December 11, 2012

Court Grants Final Liquidation Approval to Hostess, Friday, November 30, 2012