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Pabst owners among four stalking-horse bidders for Hostess, sale hearing in mid-March

U.S. Bankruptcy Judge Robert Drain in White Plains, New York, today approved Flowers Foods Inc., McKee Foods Corp., United States Bakery Inc., Apollo Global Management LLC and C. Dean Metropoulos & Co. as so-called stalking-horse, or lead, bidders for most of Hostess’s cake and bread brands, setting the thresholds other suitors will have to exceed. A sale hearing, to approve the highest and best bids, is set for March 19.

More >> Bloomberg.

 

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