Scientific Games to Acquire WMS Industries and 4 Morning Hot Stocks Moving Now

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Apollo Global Management LLC (NASDAQ:APO): Current Price $21.32

Hostess Brands Inc is close to selecting Apollo Global Management LLC (NASDAQ:APO) and C. Dean Metropoulos & Co. for the stalking horse bid valued over $400 million in the forthcoming bankruptcy auction off its Twinkie brand and other cakes. The bid could be bettered by other parties which include Flowers Foods Inc (NYSE:FLO), who has offered $360 million in cash for select Hostess bread brands, 20 plants and 38 depots. Another party, United States Bakery Inc is offering $28.85 billion for another group of bread brands, four bakeries, 14 depots plus equipment. In the event that their stalking horse bid is trumped by another bidder, Apollo Global Management and Metropoulos would get a breakup fee.

Picture 294

Investors are making great returns as markets roar higher. Join the party. Click here to discover our Feature Stock Pick now!

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business