To steer it through its bankruptcy reorganization, Hostess hired restructuring expert Greg Rayburn as its CEO. But Rayburn ultimately failed to reach a contract agreement with its second largest union. In November, he blamed striking workers for crippling the company's ability to maintain normal pro
A Hostess spokesman said the company had no comment on the lack of competing bids for Twinkies and the other Hostess cakes. Previously, Hostess CEO Greg Rayburn had predicted the competition for those cakes would be "wild and wooly."
Date: Mar 13, 2013
Category: Business
Source: Google
Twinkies buyers hungry for more Hostess cakes, makes offer for Drake's
A spokesman for Hostess said the company had no comment on the lack of competing bids for Twinkies and the other Hostess cakes. Previously, Hostess CEO Greg Rayburn had predicted the competition for those cakes would be wild and wooly.
bidders, known as a "stalking horse," for its snack cakes. A joint offer from two investment firms Metropoulos & Co. and Apollo Global Management LLC was picked as the lead bid for Twinkies and other snack cakes. Hostess CEO Greg Rayburn has said he expects that auction to be "wild and wooly."
Date: Feb 27, 2013
Category: Business
Source: Google
Hostess sale of Wonder bread one step closer to completion after no competing ...
as a stalking horse, for its snack cakes. A joint offer from two investment firms Metropoulos & Co. and Apollo Global Management LLC was picked as the lead bid for Twinkies and other snack cakes. Hostess CEO Greg Rayburn has said he expects that auction to be wild and wooly.
Date: Feb 27, 2013
Category: Business
Source: Google
Hostess Gets Approval to Auction Twinkies, Drake's Brands
ostess, founded in 1930, is liquidating after failing toreach an agreement with striking bakers on concessions to helpthe company emerge from its second bankruptcy. Initial bids forassets total about $858 million with about $100 million more forsale, Chief Executive Officer Greg Rayburn said Jan.
Date: Feb 11, 2013
Source: Google
Hostess Said to Attract First-Round Bids From Wal-Mart, Kroger
Perellas Scherer declined to comment, citing the confidential bidding process, as did Hostess Chief Executive Officer Greg Rayburn. Keith Dailey, a spokesman at grocery chain Kroger, declined to comment. David Tovar, a spokesman for Bentonville, Arkansas-based Wal-Mart, also declined to comment.
Date: Dec 13, 2012
Category: Business
Source: Google
Judge OK's bonuses for execs in Hostess liquidation
He noted that the over 3,000 rank-and-file employees assisting in the liquidation were also getting paid beyond their regular salaries, and that new Hostess CEO Greg Rayburn had already ruled out a bonus for himself.