Hostess picks lead bidders for Twinkies

By CANDICE CHOI Published: January 31, 2013
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Hostess has picked a lead bidder for its famous Twinkies.

The bankrupt company said late Wednesday that it has selected a joint offer from two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management LLC — as the lead bid for its Twinkies and other snack cakes.

Hostess, says the two...

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