Hostess Brands, the maker of Twinkies, Wonder Bread, and other beloved brands from what seems like a bygone era, could see several of its assets sold for $390 million next month to stalking horse bidder Flowers Foods, which is being advised by Crowell & Moring and Kilpatrick Townsend & Stockton. Meanwhile, court records show that Jones Day has billed Hostess for nearly $19 million in fees and expenses as a result of its role as lead debtor's counsel in the company's Chapter 11 case.
Trio of Am Law Firms Advising as Bankrupt Hostess Taps Buyer for Brands
The Am Law Daily
January 14, 2013
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