Hostess Brands Inc, the bankrupt Twinkie and Wonder Bread maker, has received offers for assets being sold by about two dozen parties including Wal-Mart Stores Inc and Kroger Co, according to a media report on Thursday. Some of the bidders are interested in acquiring all of the Hostess assets, while others are just focused on its cake or breads businesses, said the report by Bloomberg, which cited a person familiar with the matter.Spokesmen for Hostess, Wal-Mart and Kroger all declined to comment. A banker at Perella Weinberg, which is running the sale, was not immediately available.Hostess received court permission last month to wind down its 82-year-old business, which cleared the way for the company to begin selling assets. Proceeds will help it repay creditors.It has about $900 million of secured debt and faces up to about $150 million of administrative claims.
The Kroger Co. is a retailer in the United States. Shares of KR fell by 0.71% or $-0.19/share to $26.40. In the past year, the shares have traded as low as $20.98 and as high as $27.11. On average, 5588120 shares of KR exchange hands on a given day and today's volume is recorded at 3468044.
Wal-Mart Stores, Inc. (Walmart) operates retail stores in various formats around globally. Shares of WMT traded higher by 0.51% or $0.35/share to $69.29. In the past year, the shares have traded as low as $57.18 and as high as $77.60. On average, 8132440 shares of WMT exchange hands on a given day and today's volume is recorded at 12587931.
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