Private Equity Firms To Bid For Hostess Cakes

Private-equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co. are said to be considering placing a bid for Hostess Brand cakes, according to the Wall Street Journal. The cake brands include Twinkies, Ding Dongs and Dolly Madison. Hostess hopes the final prices will be higher than the deal for its bread brands acquired by Flower Foods Inc. Full article.