The process that started with strikes and Hostess bakery shutdowns (including one in St. Louis) has made another step forward.
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.
Updated 2:26 p.m.
Hostess is moving ahead with plans to sell its Twinkies and other snack cakes to two investment firms after no other competitive offers were made.
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