Hostess Brands has named McKee Foods and United States Bakery as the stalking horse bidders for its Drake's cake business and various bread brands. In a statement released late yesterday (28 January), Hostess said that McKee Foods has ...
Tags: Hostess Brands, McKee Foods, Horse Bidders
Hostess Brands, the bankrupt producer of bakery products in US, has selected two stalking horse bidders, McKee Foods and United States Bakery, for its Drake's snack cake brand and Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's ...
Iconic video game company Atari has filed for bankruptcy protection in the U.S. in an effort to separate operations from parent company Atari SA, which is based on France and has also filed for bankruptcy. Atari, Atari Interactive and two ...
Tags: Iconic video game, Atari, bankruptcy
Videogame maker Atari, which delighted a generation with vintage masterpieces such as Pong, Centipede and Lunar Lander, is immersed in its own life and death struggle. With arcade games predating the birth of many current generation ...
Tags: Atari, vintage masterpieces, game, bankrupt
US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers has emerged as the "stalking horse" bidder that, if the ...
Tags: US, baker, Flowers Foods, Hostess Brands
US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers will also take on 20 of Hostess' bakeries and ...
Tags: US, baker, Flowers Foods, Hostess Brands
US-based baking company Flower Foods has signed two agreements to acquire certain bakery assets of Hostess Brands. The value of the total deal is approximately $390m. One of the agreements includes purchase of the Wonder, Nature's Pride, ...
Tags: US, Flower Foods, agreements, bakery assets, Hostess Brands
Eastman Kodak has told a bankruptcy court that it is exploring alternatives to the auction of its digital imaging patents, including keeping the patents and setting up a licensing company to repay creditors. Kodak filed in June a motion ...
Tags: Kodak mulls, patents auction, licensing company, Computer Products
Vodafone has publically stated it is "extremely disappointed" with Everything Everywhere's successful bid to revamp its 2G databand into the UK's first 4G network coverage. Speaking at yesterday's Broadband Britain Westminster eForum, the ...
Tags: Vodafone, 4G, network, EE, disappointment
In the last five years mobile data has grown significantly and now generates just under 700 petabytes per month. According to internet firm Akamai, there is now four times as much data as voice traffic on mobile networks. In the first ...
Tags: Mobile Data, Computer Products, Akamai
Essar Energy plc,the India focused integrated energy company,announced that the 600 MW unit 1 of its 1,200MW Mahan I power project has been synchronized with the transmission grid and has commenced generating power. Mahan I,in Madhya ...
Tags: Essar Energy plc, energy company, India, Mahan I project
A BBC report claims O2 is rushing to launch its own 4G service, following Everything Everywhere's announcement of an imminent roll-out. EE, the new brand for Everything Everywhere, has announced it will roll out superfast mobile ...
Tags: 4G service, O2, 3G services, Everything Everywhere
The Ministry of Defence (MoD) will auction off public services spectrum next year to help the government free up the airwaves for commercial purposes. The frequencies, previously used for the likes of emergency services and ...
Tags: Military Spectrum, Computer Products, MoD, auction process
Private equity firms Blackstone and BC Partners are set to submit a joint bid for frozen food company Iglo, in a deal which is expected to value the company at $3bn, including debt. The two firms, which were earlier competing with each ...
Tags: frozen food company, Blackstone, pea, poultry and potato waffle products
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...