Hostess Buyer Says Snack Cakes Returning By Summer

Hostess Brands said a joint offer from Metropoulos & Co. and Apollo Global Management was the only qualifying bid filed in U.S. bankruptcy court and Friday’s auction can be cancelled. The buyer said it’s looking forward to having “America’s favorite snacks back on the shelf by this summer.” Hostess, formerly based in Kansas City, closed plants in Emporia, Kan., and Boonville, Mo., after going out of business in late November amid a bakers union strike.

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