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Hostess Finds Two Bidders For Snack Cakes

6:24 PM, Jan 29, 2013   |    comments
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WASHINGTON, DC (WUSA) -- Maybe the Twinkie really will live on forever.

Hostess is close to announcing that two investment firms plan to bid on giving the snack cakes a second life.

A so-called joint "stalking horse" bid would establish a floor for the bids to be more competitive. 

But a judge will have to approve any final sale.

Hostess ended its business back in November, and has been trying to sell the brands ever since.

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