According to published reports, Flowers Foods is set to buy Hostess bread brands, including Wonder bread, for $360 million after no other bidder came forward with a competing offer, a source familiar with the sale acknowledged Wednesday.
Hostess Brands has chosen a stalking-horse bidder for its bread business, the bankrupt baking company said.
Kroger and Walmart may be looking to buy up assets from bankrupt food company Hostess Brands, according to published reports.
The maker of Twinkies and Wonder Bread has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York.
As part of its 90th anniversary celebration, Wonder bread is gearing up to launch a campaign to honor America's everyday heroes.