date:Apr 11, 2013
With five major transactions now approved, Hostess Brands, Inc. said it will focus on completing its liquidation. The company will continue to work with Hilco Industrial, L.L.C. to sell remaining assets, such as property and equipment.
Hostess Brands, Inc. on April 9 received U.S. bankruptcy court approval to sell its Drakes snack cake brand to McKee Foods Corp. for $27.5 million and four of its northwest regional bread brands to United States Bakery for $30.9 million. The transaction includes