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Former Hostess: Hackman Capital winning bidder for remaining assets
By Caroline Salls
Pittsburgh, Aug. 19 - Old HB, Inc., formerly Hostess Brands, Inc., named Hackman Capital Acquisition Co. as the high bidder for its remaining assets, including real estate, machinery and equipment and fleet assets, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of New York.
Heritage Global Partners, Inc., Biditup Auctions Worldwide, Inc. and Maynards Industries were the next highest bidders at the Aug. 16 auction, the company said.
As previously reported, Hackman was the stalking horse bidder for the assets, with a $58.3 million offer. Monday's notice did not disclose the final bid amounts.
A sale hearing is scheduled for Wednesday.
Hostess Brands, an Irving, Texas-based operator of regional bakeries, filed for bankruptcy on Jan. 11, 2012. Its Chapter 11 case number is 12-22052.
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