(Reuters) - Hostess Brands Inc HTBRS.UL, the bankrupt maker of Twinkies snack cakes, received court permission on Monday to proceed with auctions for several of its brands, including Twinkies and Wonder Bread.
The U.S. Bankruptcy Court in
A hearing to approve the successful bidder is scheduled for March 19.
Private equity firms Apollo Global Management LLC (
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.
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