date:Mar 18, 2013
Hostess Brands stated that the deal will be presented to the US Bankruptcy Court as no other qualified bidders emerged for the assets.
McKee has agreed to pay the amount for the Drake's brand and certain equipment. Drake's products include Ring Dings, Yodels, Devil Dogs, Yankee Doodles, Sunny Doodles, and Drake's Coffee Cake.
On 15 March, Hostess Brands plans to conduct an auction for its Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's bread brands. As the stalking horse bidder, Unite