Content about Auction theory

January 14, 2013

Hostess Brands has chosen a stalking-horse bidder for its bread business, the bankrupt baking company said.

KANSAS CITY, Mo. — Hostess Brands has chosen a stalking-horse bidder for its bread business, the bankrupt baking company said.

Hostess, which declared bankruptcy in November 2012 following a long standoff with one of its labor unions, said it had chosen Flowers Foods as the stalking-horse bidder; the company plans to solicit bids from other companies as well.