Good news for Twinkies lovers — the company that bought Hostess Brands Inc. expects to put the famed snack back on store shelves as early as this summer.
Hostess is moving ahead with plans to sell its Twinkies and other snack cakes after nobody stepped forward to top an offer made by two investment firms.
Hostess is set to announce that it has picked two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management — as its highest bidders for Twinkies and its other snack cakes. The offer, which could be disclosed as early as Tuesday, would reportedly be for more than $400 million.
The indestructible Twinkie appears to be one step closer to a comeback.
Private equity firm Carlyle Group LP, Washington's premier investment bank, will start trading publicly on Thursday at what analysts are calling a discounted initial price of $22 a share, the company announced late Wednesday evening after the markets closed.
Water-park owner Great Wolf Resorts Inc. said Sunday that a private investment firm has sweetened its offer to acquire the company.
In the end, the scene looked straight out of an ultimate Broadway encore. One and two owners on the stage turned into seven, eight, nine, all single file and holding enough personalized 76ers jerseys to fill a few racks at the merchandise store.
A person familiar with the deal says the sale of the Philadelphia 76ers has been approved by the NBA Board of Governors.
The Carlyle Group, the Washington area's most prominent investment bank, turned heads on Tuesday when it confirmed plans to move ahead with its first public sale of stock, an initial offering that could be worth $1 billion or more.
