Trio of Am Law Firms Advising as Bankrupt Hostess Taps Buyer for Brands

, The Am Law Daily


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.

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