Home>Topics>>UPDATE 1-Flowers Foods to buy some Hostess brands for $390 mln
UPDATE 1-Flowers Foods to buy some Hostess brands for $390 mln
Reuters: Private Equity
Fri, 11 Jan 2013
Jan 11 (Reuters) - Flowers Foods Inc on Friday said it has agreed to buy Wonder and other well-known bread brands from Hostess Brands Inc for $390 million, as part of the latter company's bankruptcy...
The Fairholme manager comments on the fund's significant investment in the convertible bonds and bank debt of bankrupt mall operator General Growth Properties.
A shorter, more orderly bankruptcy process is good news for distressed debt investors, but it does shift the game a little bit, says Third Avenue's Jeff Gary.