Twinkies are making an early comeback at Wal-Mart stores, and they won't be frozen beforehand.
NEW YORK - Hostess Brands Inc. has won approval to sell off the last of its major cake and bread brands, bringing the total proceeds from its liquidation to about $860 million.
A representative for Hostess says a U.S. Bankruptcy Court judge in New York approved the two deals Tuesday.
McKee Foods Corp., the maker of Little Debbie snack cakes, will buy the Drake's business for $27.5 million, gaining Devil Dogs, Ring Dings, Yankee Doodles and other products.
United States Bakery Inc. will buy Sweetheart, Eddy's, Standish Farms and Grandma Emilie's bread brand, plus four bakeries and 14 depots for $30.9 million.
The two buyers had been lead bidders for their purchases.
Irving, Texas-based Hostess filed for Chapter 11 protection in January 2012 after years of turmoil.
Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month.
Court approves Hostess to sell of last of its core assets.
A bankruptcy judge on Tuesday approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer.
The new owners of Twinkies apparently developed a sweet tooth for Hostess snack cakes.
The indestructible Twinkie appears to be one step closer to a comeback.