Hostess Brands, bankrupt owner of Twinkies and Ding Dongs, has agreed to sell its cake brands to Apollo Global Management and Metropoulos & Co., which means the iconic snack cakes will again return to store shelves. Also, industrial machinery maker Gardner Denver Inc. has agreed to be purchased by investment firm KKR and Time Warner will spin off Time Inc., its New York-based publishing unit, into a separate, publicly traded company.
New York Law Journal
March 14, 2013
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