date:Dec 17, 2012
Wal-Mart Stores, Kroger, Alpha Baking and Grupo Bimbo are seeking to acquire the assets that are being divested by Hostess Brands, the bankrupt producer of bakery products.
The auction has attracted about 24 bidders. While some bidders are seeking to acquire the complete business, others are planning to buy a part of the business - such as the brands, the facilities or the cakes/bread businesses, reported Bloomberg citing a source with knowledge of the matter.
Hostess Brands, which has been af