date:Mar 12, 2013
10 a.m. EST on April 9. McKee Foods Corp., Collegedale, Tenn., is the stalking horse bidder for the Drakes snack cake business of Hostess with a bid of $27.5 million. Not included in the transaction are any production or other facilities, including the Hostess plant in Wayne, N.J., where Drakes snack cakes were baked.