United States Bakery Wins Remaining Hostess Bread Brands
Hostess Brands Inc. has selected United States Bakery’s approximately $30.9 million offer as the winning bid for the company’s Sweetheart, Eddy’s, Standish Farms and Grandma Emilie’s bread brands, four bakeries and 14 depots, plus certain equipment.
The United States Bakery offer was selected as the highest and best bid at an auction Friday. The company will ask the U.S. Bankruptcy Court for the Southern District of New York to approve the transaction at a hearing April 9.
The final offer represents a 2.8 percent increase over United States Bakery’s original stalking horse bid.