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The Boston Globe

Business

Hostess taps lead bidder for Drake’s

Final sale of cake brand is expected by end of May

NEW YORK — Hostess has picked the maker of Little Debbie as the lead bidder for its Drake’s cakes.

According to documents filed in US Bankruptcy Court, McKee Foods has offered $27.5 million in cash for the cake brands, which include Devil Dogs, Funny Bones, and Yodels. The fate of Twinkies and other Hostess cakes is still being negotiated with other bidders.

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