Hostess Closer to Selling
By: Big 2 News Staff
Updated: January 30, 2013
Hostess is reportedly close to picking a preferred buyer for its Twinkies brand- a move that could signal the eventual return of the snack cake to shelves.
A source familiar with negotiations says that two private-equity firms are the likely winners of this round of negotiations to buy Twinkies.
Any agreement to sell would be subject to approval of the federal bankruptcy court that is overseeing the liquidation of Hostess' assets.
Hostess announced in November that it was shutting down following a bakers' union strike.
The demise of Hostess led fans of many of the company's products to quickly scoop them up at grocery stores, as consumers feared that they would never be able to purchase them again.
