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Stock Market & Financial Investment News

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January 22, 2013
15:39 EDTAPO, FLOApollo led group in lead for opening bid on most Hostess cake brands, WSJ says
A team including Apollo Global (APO) and C. Dean Metropoulos is in the lead for the opening bid on the bulk of Hostess’ cakes businesses, but Hostess is aiming to sell the Drakes Cakes brand separately, according to The Wall Street Journal, citing sources. The WSJ previously reported that Flowers Foods (FLO) and Grupo Bimbo are in the lead to buy Hostess' bread brands, including Wonder Bread. Reference Link
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