|Updated: 2/28 10:01 am
||Published: 2/27 4:52 pm
Wonder bread is one step closer to getting a new owner.
Reports show there are no competing offers to a bid by Flowers Foods to buy several bread brands from Hostess. The $360 million bid by Flowers also includes Nature's Pride, Butternut, Home Pride and Merita breads.
The deal must still be approved by a bankruptcy judge.
Flowers Foods, based in Thomasville, Ga., makes Tastykakes and bread brands including Nature's Own and Cobblestone Mill.
Hostess will hold separate auctions for its snack cakes, which include Twinkies. Hostess said late last year it would go out of business.