If the deal materializes it will be the fourth offer for a piece of the Hostess pie. Flowers Foods Inc. (NYSE: FLO) has offered up to $360 million for five major Hostess brands, including Wonder Bread and Nature’s Pride. United States Bakery Inc., makers of Franz bread, has offered $28.85 million for the Hostess bread brands including Sweetheart, and McKee Food Corp., maker of the Little Debbie snack foods, has bid $27.5 million for Hostess’ Drake brands, which include Devil Dogs and Ring Dings.
At the time the bankruptcy was filed, Hostess claimed assets of between $500 million to $1 billion and liabilities of more than $1 billion. Two pension funds are owed about $950 million.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.