2/27/2013 03:28:00 PM

Twinkies Saved? Company Buys Hostess for $360 Million

Are Twinkies now safe forever? Well, not exactly. Reuters reports that Flowers Foods Inc. is set to buy Hostess bread brands including Wonder Bread for a whopping $360 million, (no other buyers matched the bid.) The auction was set to go down tomorrow for its sub brands including Butternut, Home Pride, Merita and Nature's Pride but since Flowers was the sole bidder, the auction will not take place. Read more about the sale here.

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