A judge in the Hostess bankruptcy approves a $1.8M payment in bonuses for Hostess Brands...
A judge in the Hostess bankruptcy approves a $1.8M payment in bonuses for Hostess Brands executives. The bigger issue: After the formalities of the bankruptcy case peel away, a potential goldmine of well-known brands could spur a bidding war. The word from one of the company's bankers in courtroom testimony was that calls have been coming in "fast and furious" and a stalking horse bid could be in place by mid-January.
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