Hostess getting closer to a buyer for Twinkies

[Sherman A1]

Hostess Brands is close to picking a preferred buyer for its iconic Twinkies brand, a move that would be a key step in the eventual return of the snack cake to grocery shelves.

A source familiar with negotiations says that two private-equity firms, Apollo Global Management (APO) and C. Dean Metropoulos & Co., are the likely winners of this round of negotiations to buy Twinkies.

It's likely," said the source. "It's moving very fast."

A spokesman for Apollo said he had no comment on the report. Metropoulos could not be reached for comment. The firm's food holdings include Pabst Blue Ribbon beer, and in the past have included Chef
Boyardee canned pasta, Bumble Bee seafood, PAM cooking spray and Gulden's Mustard, all of which it eventually sold to ConAgra Foods Inc (CAG, Fortune 500).

http://money.cnn.com/2013/01/29/news/companies/twinkies-buyer/index.html?section=money_latest

[NightWatcher]

1. Sorry, I clicked thinking it was a Chris Christie thread

[Earth_First]

11. Ill never understand why there are individuals who make these reaponses...

These are the same types of teases and bully words that grade school kids use to bully their peers.

Why would an adult feel the need to use these types of insults?

[NightWatcher]

12. Sorry just being silly. Side note, on a bet I ate a box of Twinkees

in highschool. It was prob the last time I ate 1

Btw, love tha screen name.

[kestrel91316]

2. I hope they can find a buyer. I know, I know, they are bad for you (in excess), and are only made

from foodlike substances and not actual FOOD. But they are such an iconic American treat.

I bought a package of them last year when I first heard they might be going away - my first Twinkies in over 20 years. And I REALLY enjoyed them. They are comfort food from my childhood, like Ding Dongs, and Snoballs, and those yummy chocolate cupcakes.

So shoot me. I won't apologize.

[Sherman A1]

3. Indeed

There are a whole lot of jobs in the mix on this. I hope they can get things going soon.

[Recursion]

4. When did Grupo Bimbo leave the running?

I liked them for it.

[Sherman A1]

5. Not sure

but it appears that they did so.

[PrezHillary2016]

14. They were the most well suited

If they don't get it I'm dissapointed.

[redqueen]

6. What about Ding Dongs?

Please please please let them bring back Ding Dongs too.

[Sherman A1]

7. I am sure they are part of the deal

[HiPointDem]

8. i couldn't care less about the twinkies; more interested in what happens to the old workers & their

pensions.

[Sherman A1]

9. Agreed

But, this is at least a start to bring back those brands. It will mean jobs, just as the Flowers Bakery buying of the bread lines from Wonder/Hostess. The jobs may not pay what they did, nor may the folks who worked there get their jobs back, but at least with the buyouts there are possibilities and I know for certain that these items will not bake themselves nor get onto store shelves without some sort of labor involved.

[DireStrike]

10. I'm more concerned about Home Pride.

It's just "normal" bread to me, and nobody else makes it the same way.

[Sherman A1]

13. I believe that

it was part of the deal with Flowers Bakery. I am pretty sure most of the bread lines and some 20 bakeries were purchased by Flowers.