Hostess Takes Highest Bidders for Twinkies and Other Treats - Central Coast News KION/KCBA

NEW YORK, N.Y. - According to CBS, Hostess has chosen two companys in a joint offer for Twinkies and other treats. Hostess went out of business in November after labor unions did not come to an agreement. 

CBS reports that Dean Metropolous & Co. and Apollo Global Management agreed to purchase the famous treats and five bakeries for $410 million, however, a judge has the final approval following an auction.

To read the entire article on Hostess, follow this link to CBS News.