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.
January 14, 2013 at 07:09 PM
1 minute read
The original version of this story was published on Law.Com
Hostess Brands, the bankrupt 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 Flowers Foods.
The Thomasville, Georgia–based company, one of the nation’s largest wholesale bakers, was tapped late Friday to serve as stalking horse bidder for select Hostess brands scheduled for auction on February 28.
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