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Old 11-17-2012, 06:29 AM   #11
Fire Haley
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Default Re: Hostess Goes Out of Business

not so fast

Pabst Owner Metropoulos Considers Bid for Hostess Brands

C. Dean Metropoulos & Co., the private equity firm that owns Pabst Brewing Co., is considering an offer to buy Hostess Brands Inc., which said today it plans to liquidate its business. “Our family would love to purchase these iconic brands,” said Daren Metropoulos, a principal at the Greenwich, Connecticut-based firm, which paid $250 million for Pabst in 2010. “We are actively pursuing this deal as no doubt strategics will also.”

C. Dean Metropoulos, founder of the firm, has specialized in purchasing struggling brands, such as Chef Boyardee and Bumble Bee Tuna and turning them around. The firm paid close attention to the maker of Twinkies and Wonder Bread during its bankruptcy proceedings, Daren Metropoulos has said.

We have analyzed this opportunity very carefully for a few years now,” Metropoulos said in an e-mail. “Shedding the complications of the unions and old plants makes it even more attractive.”

http://www.bloomberg.com/news/2012-1...ss-brands.html

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PBR and twinkies - breakfast of champions!
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Old 11-17-2012, 09:04 AM   #12
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Default Re: Hostess Goes Out of Business

Quote:
Originally Posted by Killer View Post
PBR and twinkies - breakfast of champions!
I was thinking more like "Breakfast of Hipsters"
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Old 11-19-2012, 07:22 PM   #13
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Default Re: Hostess Goes Out of Business

Romney supporter to the rescue

Your New Twinkies May Come From Mitt Romney’s ‘47 Percent’ Fund-raiser Friend


Ever since Hostess, the makers of Twinkies, Ding Dongs, Sno Balls, and other chemical-filled pastries, closed its doors last week, speculation has swirled about who, if anyone, would step in to save the company and bring processed junk back to the nation's supermarket shelves.

That hero may have arrived in the form of Marc Leder, the CEO of Sun Capital, and better known as the sex-party-loving hedge fund guy who hosted the famous "47 percent" fund-raiser for Mitt Romney last May. Fortune reports that Leder wants to make a bid for Hostess, which he believes "would be a relatively easy company to restart."

A Leder-led Hostess could go very wrong. As the Times reported in January, roughly one out of every five companies Sun Capital has invested in — including well-known restaurant chains like Friendly's — have gone bankrupt.

But, remember: Hostess is already bankrupt, meaning that the worst Sun Capital could do would be to fail to restore it to its former glory.

The best it could do, of course, would be to revive Hostess and roll out a successful line of 47-percent-themed pastries: Deadbeat Ding Dongs, Takers Cakes, Homeless Ho-Hos, Victimuffins, Sno Personal Responsibility Balls. You get the idea.


http://nymag.com/daily/intel/2012/11...kie-talks.html
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