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Hostess Brands received first-round bids from Wal-Mart (WMT +0.4%) and Kroger (KR -0.7%) for its...

Hostess Brands received first-round bids from Wal-Mart (WMT +0.4%) and Kroger (KR -0.7%) for its assets, according to Bloomberg. Earlier reports suggested close to one hundred bids in total were received for the company's arsenal of well-known snack brands.
Comments (7)
  • All of you people who said that GM "HAD" to be saved with taxpayer dollars instead of go bankrupt, PAY ATTENTION! This is what happens in a free market system and not a manipulated market.
    13 Dec 2012, 03:28 PM Reply Like
  • Jobs were saved when GM was saved. Walmart and Kroger are bidding on Hostess assets, but the jobs are lost. Pay Attention.
    13 Dec 2012, 04:08 PM Reply Like
  • overpaid entry-level union jobs.....


    How is that different than GM?
    13 Dec 2012, 04:10 PM Reply Like
  • People have been forced to buy American made doughnuts to replace their Twinkie addiction. If Walmart or Kroger revive the Hostess brand, we'll be able to buy American made Twinkies. If GM and Chrysler had gone the same bankrupcy path as Hostess, a foreign automaker likely would have bought the remnants, and put the GM or Chrysler nameplate on their foreign car. Then the auto profits would have gone overseas. And you and I would have to buy a set of metric wrenches.
    13 Dec 2012, 06:11 PM Reply Like
  • Globalization has made things a lot more complicated than that, tomocfg....


    Toyota is traded on american exchange and is owned by the stockholders, not some family in japan (im sure they hold shares, but not all of them). Toyota and Honda have more american parts now in their cars than some of the Fords and GM vehicles...
    13 Dec 2012, 08:37 PM Reply Like
  • I think comparing Hostess to GM is really rather disingenuous. I mean 15,000 workers compared to the literally millions that would have been affected or simply thrown out of work had GM collapsed? Is such a comparison really even possible?


    Not saying that GM had to be saved, just that your basis for comparison is apples to raisins in scale and scope is all.
    13 Dec 2012, 04:07 PM Reply Like
  • good for walmart
    16 Dec 2012, 07:57 AM Reply Like
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