Wal-Mart, Kroger among Hostess bidders: report

[Javaman]

http://finance.yahoo.com/news/wal-mart-kroger-among-hostess-210651191.html

(Reuters) - Hostess Brands Inc, the bankrupt Twinkie and Wonder Bread maker, has received bids for assets being sold by about two dozen parties including Wal-Mart Stores Inc (WMT) and Kroger Co (KR), according to a media report on Thursday.

Some of the bidders are interested in acquiring all of the Hostess assets, while others are just focused on its cake or breads businesses, said the report by Bloomberg, which cited a person familiar with the matter.

Spokesmen for Hostess, Wal-Mart and Kroger all declined to comment. A banker at Perella Weinberg, which is running the sale, was not immediately available.

Hostess received court permission last month to wind down its 82-year-old business, which cleared the way for the company to begin selling assets. Proceeds will help it repay creditors.

more at link...

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in some ways, walmart buying hostes twinkies is like a cosmic convergence of odd perfection.

[Recursion]

1. Kroger is unionized, right? That could be good.

I still think Grupo Bimbo is, despite the name, the best bet.