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Apollo Global Management (NASDAQ:APO): Current price $18.85
Apollo is collaborating with the veteran food executive C. Dean Metropoulos on a potential offer for bankrupt Hostess Brands’ snacks division, which includes the iconic Twinkies, Ding Dongs and lest we forget, Ho Hos. Presently, Hostess is selling off its brands and liquidating the company, subsequent to devastating strike by its bakers union, which forced it to shut down in November. Meanwhile, Hostess remains days away from choosing a stalking horse bidder for its bread brands, among which include Wonder Bread, Nature’s Pride and Butternut.
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