date:Feb 28, 2013
Only one of the two auctions set for tomorrow to determine the fate of several Hostess Brands assets will take place, according to multiple media outlets. While the stalking horse bid of up to $360 million bid for most of the Hostess bread brands appears to be unchallenged, serious competition is looming for its smaller bid for the Beefsteak rye brand.
Citing individuals familiar with the sale processes, The Wall Street Journal in a blog noted that Mexico-City-based Grupo Bimbo S.A.B. de C.V. h