date:Dec 06, 2012
ompany about bidding for at least part of its business, and 70 had enough interest to sign confidentiality agreements, Hostess banker told the hearing in White Plains, N.Y.
By early January, the company expects to have initial bids for its various brands, which will then be put to auction. Money raised from the sale of assets will help Hostess repay its creditors. It has about $900 million of secured debt and faces up to about $150 million of administrative claims.
In addition, according to th