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JAN 30, 2013 - Yahoo! News

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Apollo, Metropoulos submit $410 million offer for Hostess Twinkies

(Reuters) - Hostess Brands Inc said private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co have set a baseline offer of $410 million to buy the company's snack cake brands including Hostess Twinkies and Dolly Madison. The so-called stalking horse bid by the private equity firms, working together to buy the 82-year-old baker, would serve as the minimum offer for the business, which could still be topped by others. Apollo and Metropoulos have agreed to purchase the brands, five bakeries and certain equipment. ...

Tags: Apollo, Metropoulos submit $410 million offer for Hostess Twinkies,  Hostess Brands Latest News