One of those firms is C. Dean Metropoulos & Co., which also owns the Pabst Blue Ribbon brand among others in food like Vlasic pickles, Lender's bagels and Mrs. Butterworth's syrups—WHY IS EVERYTHING OWNED BY PRIVATE-EQUITY FIRMS THIS IS WEIRD AND CREEPY AMEIRCA—which means soon you'll get Twinkies with PBR-flavored creme in the middle, right?
Unfortunately, I doubt very much that it means that. The two firms are agreeing to bid more than $400 million at an upcoming bankruptcy auction; it's possible they could still be outbid by other "suitors." God, business language is gross and weird.
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