Hostess: Selects Winning Bidder for Remaining Bread Brands

Irving / TX. (hbi) Hostess Brands Inc. announced that it has selected United States Bakery´s approximately 30,9 million USD offer as the winning bid for the Company´s Sweetheart, Eddy´s, Standish Farms, and Grandma Emilie´s bread brands, four bakeries, and 14 depots, plus certain equipment. The United States Bakery offer («Franz») was selected as the highest and best bid at a March 15 auction. The Company will ask the U.S. Bankruptcy Court for the Southern District of New York to approve the transaction at a hearing on April 09. The final offer represents a 2,8 percent increase over United States Bakery´s original stalking horse bid. Jones Day provided legal advice to Hostess Brands on all of the transactions. Perella Weinberg Partners served as the Company´s financial advisor.

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