date:Jan 08, 2013
Flowers Foods Inc. and Grupo Bimbo S.A.B. de C.V. are in discussions to acquire pieces of Hostess Inc.s bread business, according to a story published by The Wall Street Journal.
The Jan. 5 story cited sources familiar with negotiations stating the bread brands could be sold for as much as $350 million.
Hostess could disclose Flowers, Grupo Bimbo or others as opening bidders in a looming bankruptcy-court auction for the assets as soon as this week, the people said, the Journal said. Hostess, w