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Hostess picks McKee as buyer for Drake’s cakes

By Candice Choi
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NEW YORK (AP) — Hostess is moving forward with the sale of Devil Dogs, Yankee Doodles and Yodels to the maker of Little Debbie cakes.

The bankrupt company says it picked McKee Foods as the buyer for the Drake’s cakes after nobody stepped forward with a qualifying bid to top its $27.5 million offer.

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