Hostess Brands Inc.'s planned sales of most of its bread business shouldn't be approved as currently structured because the buyers would be improperly released from liabilities and obligations to comply with environmental laws, the U.S. said. U.S. Attorney Preet Bharara in Manhattan objected March 1 to agreements reached last week with Flowers Foods Inc., which is set to buy brands including Wonder for about $360 million, and Grupo Bimbo SAB, which plans to buy the Beefsteaks brand for about $31.9 million.
"The proposed sale order, as currently drafted, would diminish or eliminate the government's ability to enforce generally applicable police and regulatory statutes and regulations, and diminish or eliminate the buyer's and debtor's obligations to comply with environmental, health and safety laws," Mr. Bharara said in the objection filed in U.S. Bankruptcy Court in Manhattan.
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US Attorney Files Objection to Sale of Hostess Brands - Fox News.
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I think Hostess was about to turn all our kids into blueberries, and now Obama is just tracking down every copy of their secret plans.