One of America’s favorite, least healthiest snacks may be making a comeback.
According to Fox News, Hostess is close to announcing that C. Dean Metropoulos & Co. and Apollo Global Management, the companies most known for owning Pabst Blue Ribbon, will be the highest bidders for the popular snack.
In a deal that is reportedly worth close to 400 million, Metropoulos & Co. told Bloomberg, “We have analyzed this opportunity very carefully for a few years now. Shedding the complications of the unions and old plants makes it even more attractive.”
Hostess declared bankruptcy officially in November when a strike by the baker’s union that eventually took the company to the ground. Since then, Hostess has been liquidating their assets including selling off Devil Dogs, Little Debbie cakes, and Yodels.
