Twinkies Back On Store Shelves This Summer
A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms. Hostess Brands is selling the spongy yellow cakes along with other snacks including Ding Dongs to Apollo Global Management and Metropoulos & Co. for $410 million. Metropoulos, which owns Pabst beer, has said it hopes to have the cakes back on shelves by this summer. The judge also approved the sale of Wonder and other breads to Flower Foods, which makes Tastykakes. Flowers will also get Nature's Pride, Butternut, Home Pride and Merita as part of the $360 million deal.