If all goes well, Twinkies and Ho-Hos will return to store shelves by summer, as private equity firm Apollo Global Management and Metropoulos & Co. submitted a $410 million bid to buy the bankrupt Hostess Brands. The news might disappoint Michael Bloomberg, Michelle Obama and anyone who had stashed boxes of Twinkies in the freezer as an investment, but for the most part, Americans are thrilled that Twinkie-pocalypse wasn’t necessarily the end.
The news isn’t good for unions either. The New York Post reports that Apollo will outsource production to existing bakeries and distribution to third-party drivers rather than reopen shuttered Hostess plants.
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