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Flowers Foods set to buy Wonder bread: source

Wonder Bread

Flowers Foods Inc (FLO.N) is set to buy Hostess Brands Inc's HTBRS.UL bread brands including Wonder bread for $360 million, a source familiar with the matter said on Wednesday, giving the No. 2 U.S. baking company a bigger slice of the fast-consolidating bread business.

 

Hoarding Twinkies? Relax, treats will likely survive Hostess sale

Twinkies

Twinkie lovers, relax. The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court. Hostess Brands, baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho's, will be in a New York bankruptcy courtroom today to start the process of selling itself.

 

Twinkies maker Hostess seeks bankruptcy protection

The maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat. Hostess Brands is hoping to cut its high costs as it heads back into bankruptcy protection for the second time in less than a decade.

 

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