date:Jan 30, 2013
purchase agreement between Hostess and United States Bakery includes an $865,000 break-up fee, and the transaction is expected to be closed no later than May 30.
Hostess earlier this month selected Thomasville, Ga.-based Flowers Foods, Inc. as the stalking horse bidder for the majority of the assets related to Hostess bread business, including the Butternut, Home Pride, Merita, Natures Pride, and Wonder brands. That agreement includes, in addition to the brands, 20 bakeries, 38 depots and othe