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The Boston Globe

Business

Hostess says bid nearly ready for Drake’s cakes

NEW YORK — Hostess said Friday it expects to unveil a bidder for Drake’s snack cakes next week, although the fate of Twinkies is still being negotiated.

Drake’s cakes, which include Devil Dogs, Funny Bones, and Yodels, are among the brands Hostess is selling after announcing in November that it was shutting down.

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