http://dealbook.nytimes.com/2012/11/29/interest-in-hostess-brands-coming-in-fast-and-furious-adviser-says/?partner=socialflow&smid=tw-nytimesbusiness
EPJ:
http://www.economicpolicyjournal.com/2012/11/when-bailout-kings-are-not-around.html
From the NYTimes article:
Advisers to Hostess are in active talks with about 110 suitors, including regional bakeries and national supermarket chains, an investment banker for the company said in court on Thursday.
“To be honest, it’s been so fast and furious that we haven’t had time to make all the outbound calls we’ve wanted to,” the banker, Joshua Scherer of Perella Weinberg Partners, testified.
At least a half-dozen potential buyers have retained what Mr. Scherer described as “large bank advisers,” a promising sign that they are preparing to spend “substantial sums” of money.
Among those that have expressed interest are 25 regional bakeries, five national supermarket chains and at least two overseas companies interested in securing distribution rights to Hostess products in India and other countries, he added.
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