C. Dean Metropoulos & Co. said that it plans to bid for the cakes business of bankrupt Twinkies maker Hostess Brands Inc. with Apollo Global Management, Bloomberg News reported yesterday. The cake brands of the 82-year-old maker of Ding Dongs, Ho Hos and Drake’s Devil Dogs had drawn multiple bidders, Hostess lawyers said at a December court hearing. Potential buyers separately were interested in other Hostess products or manufacturing plants, according to Hostess. Hostess announced in a Jan. 11 statement that Flowers Foods Inc. is the lead bidder for most of the assets of its bread-baking operations.
