McKee Foods To Snag Hostess Drake's Brand With $27.5M Bid

By Sindhu Sundar (March 14, 2013, 10:50 PM EDT) -- With no other qualified takers for Hostess Brands Inc.'s Drake's snack cake brand, the beleaguered food maker will proceed with Little Debbie snacks-maker McKee Foods Corp.'s $27.5 million bid for the brand, the companies said Thursday....

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