NEW YORK (AP) - A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms.
Hostess Brands Inc. is selling the spongy yellow cakes, along with other snacks including Ding Dongs and Ho Hos, 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 Flowers Foods, which makes Tastykakes. Flowers will also get Nature's Pride, Butternut, Home Pride and Merita as part of the $360 deal.
The sale of Beefsteak, a regional bread brand, to Grupo Bimbo for $31.9 million was also approved.
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
More National News
The Phoenix jury deciding whether Jodi Arias should be sentenced to life in prison or death resumes deliberations a day after reaching an impasse and being told to keep trying.
A procession of volunteers filed down a street toward the Moore Cemetery, a 20-acre resting ground that accommodates the city’s earliest leaders and soon will receive some of its recent storm victims.