date:Dec 04, 2012
Hostess Brands, the bankrupt producer of bakery products, is in talks with several bidders over the sale of its brands.
About 110 bidders have contacted the company over the purchase of a part of the business, while 70 bidders are ready to sign confidentiality agreements. In addition, six bidders have appointed large investments banks to handle the acquisition, reported Reuters.
The potential buyers include large national retailers as well as overseas buyers.
By January 2013, initial bids are