Monday, Jul 25, 2016
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Economy

Hostess CEO reports 80 potential bidders

IRVING, Texas — Hostess Brands Inc. has attracted serious interest from more than 80 potential bidders, Gregory Rayburn, the company’s chief executive officer, said Wednesday.

He said Hostess plans to sell its iconic brands, which include Twinkies and Wonder Bread, and property through a procedure that allows assets to be sold free of liabilities. He said he could not talk about a time frame for announcing bidders or completing a sale.

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