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Hostess CEO Says Stalking-Horse Bids Total $858 Million

“Hostess Brands Inc. Chief Executive Officer Greg Rayburn said initial or stalking-horse bids for assets of the bankrupt maker of Twinkies and Wonder bread now total $858 million, with about $100 million more for sale.

In a Bloomberg Television interview today, Rayburn said he probably will leave the company after the auction process is completed….”

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