Pabst owner places $410 million joint bid with private equity firm for Hostess Brands
Hostess Brands said private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co have set a baseline offer of $410 million to buy the company’s snack cake brands including Hostess Twinkies and Dolly Madison. The so-called stalking horse bid by the private equity firms, working together to buy the 82-year-old baker, would serve as the minimum offer for the business, which could still be topped by others.
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