Hostess Gets Approval to Auction Cake, Bread Brands

Bloomberg reported that Hostess Brands won bankruptcy court approval to hold auctions for brands including Wonder Bread, Twinkies and Drake’s.

Metropoulos, Apollo to Bid for Hostess Cakes Business

Bloomberg reported that private equity firms C. Dean Metropoulos and Apollo Global Management plan to bid for the cakes business of bankrupt Hostess Brands.