date:Mar 14, 2013
ets.
Apollo and Metropoulos have agreed to pay $410 million to purchase the brands, five bakeries and certain equipment. Among the products included are the companys Twinkies, Ho Hos, Ding Dongs and Donettes snack cakes. The company will ask the U.S. Bankruptcy Court to approve the transaction at a hearing on March 19.
The agreement results in significant value for our stakeholders, and we look forward to putting the proposed transaction before the Court next week, said Gregory F. Rayburn, cha