This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hostess Brands to Shut Down: Hot Trends

Stocks in this article: SHF UPS

NEW YORK ( TheStreet) -- Popular searches on the Internet include Hostess Brands as the maker of Twinkies and Ding Dongs said it is closing for good.

Hostess said Friday that it is asking a federal bankruptcy court for permission to shut down operations. The company is making this move on the heels of an employee strike on Nov. 9, when pay cuts were enforced.

On Thursday, the company gave its employees a 5 p.m. deadline to return to work -- or it would be forced to go into liquidation. CEO Gregory Rayburn said in a statement that the company does "not have the financial resources to weather an extended national strike." The closing will result in the loss of over 18,000 jobs.

Hostess will attempt to sell its assets to the highest bidder, which means Hostess products may not be gone forever if other companies decide to purchase them and offer them among their product lines.






Reckitt Benckiser is trending as the British consumer products group has offered $1.4 billion to purchase Schiff Nutrition International (SHF), topping the offer previously made by Bayer.

Reckitt said it would offer $42 per Schiff share, handily beating Bayer's $1.2 billion, or $34 per share, offer that was made on Oct. 30. Schiff's main shareholders already agreed to the lower-priced buyout bid from Bayer.

The two companies are competing for Schiff's fast-growing and steadily profitable vitamins and nutritional supplements business.

Now, all eyes will be on Bayer to see if it responds with a counterbid, or if the action could potentially attract more potential suitors. According to its deal with Bayer, Schiff may entertain higher offers made in writing prior to Nov. 28. However, if Schiff goes with Reckitt or any other offer, it would have to pay a $22 million breakup fee to Bayer.

Schiff's top-selling brands include MegaRed for heart care, Airborne for preventing colds and Move Free for joints.






TNT Express is another popular search. The Dutch delivery group has agreed to sell its airline operations to ASL Aviation Group in an effort to protect its deal with United Parcel Service (UPS).

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,790.06 +11.91 0.07%
S&P 500 2,065.60 +4.37 0.21%
NASDAQ 4,755.7450 +7.3490 0.15%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs