Another “fear” that gripped the public when news of Hostess liquidating its assets was that the Twinkie was gone forever. However, according to local media, “On Jan. 30, a joint $410 million bid by Apollo Global Management and Metropoulos & Co. was similarly tapped as the leading bidder for the iconic Twinkies brand, the Dolly Madison line of snacks, as well as five bakeries and some of the equipment.”
The bankruptcy of Hostess was and is still huge news. When large companies file for bankruptcy, the public doesn’t always see the behind the scenes deals that happen. Hostess was a giant, but even giants find themselves in financial trouble. We here at Shillito Law can help you if you are a giant company, a small business or an family or individual.