Hostess said Friday it expects to unveil a bidder for Drake’s snack cakes next week, although the fate of Twinkies is still being negotiated.
Drake’s cakes, which include Devil Dogs, Funny Bones and Yodels, are among the brands Hostess is selling after announcing in November that it was shutting down its business.
Earlier this month, Hostess Brands Inc. filed bids by Tastykakes maker Flowers Foods Inc. to buy six of its bread brands, including Wonder, for $390 million.
Hostess spokesman Lance Ignon said the company expects to file bids for the rest of its brands in the “near-term.”
Its breads and snack cakes also include Ho Hos, Ding Dongs and Zingers.The Associated Press