A judge in the Hostess bankruptcy approves a $1.8M payment in bonuses for Hostess Brands...

|By:, SA News Editor

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.