Hostess Update: Brands To Be Sold Individually

Hostess Brands Inc. has reported in bankruptcy court that it is narrowing down bids received for its brands and expects to sell off the snack cakes and bread brands separately, according to the Associated Press. Hostess will file "stalking horse" bids in January, which will be followed by a four-week auction process to allow competing bids. The sales are expected to be completed by mid-March. Full article.