In news bound to disappoint eBay entrepreneurs, Twinkies may return to U.S. store shelves by this summer.
The surprise came in court filings made Tuesday, in which Apollo Global Management, LLC and Metropoulos & Co. offered to buy the Hostess and Dolly Madison cake brands, along with five bakeries, for $410 million.
If approved by a U.S. bankruptcy court March 19, the deal will salvage the iconic snack, which was yanked from the market in November after its maker, Hostess, fired its 18,500 workers and filed for bankruptcy.
ABC News notes that there were not competing bids for the brand, despite a prediction by the Hostess CEO Greg Rayburn of a "wild and wooly" bidding war.
"This transaction will ensure the beloved Hostess snack cakes can continue to be enjoyed for years to come," said Dean Metropoulos, founder and CEO of Metropoulos & Co., in a released statement.
In addition to Twinkies, Ding Dongs and Ho Hos will be returned to shelves "as soon as possible," said Metropoulos.
When Twinkies appeared to be gone for good, many profit-minded Americans bought the snacks and offered to resell them online for thousands of dollars. As of Tuesday afternoon, one eBay user was offering "35 Twinkies still in the original package" for $999.99.