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U.S. Attorney Files Objection to Sale of Hostess Brands

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  • Description

    FBN’s Adam Shapiro on the ongoing struggle to sell the bankrupt baker.

  • Duration 2:23
  • Date

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This transcript is automatically generated

The sell the Wonder Bread brand may be going stale due to objections from regulators Adams appears live in our -- now with more on that hi Adam.

Hey -- this is a pretty interesting story you've got the you know the plan to sell Wonder Bread to Flowers Foods and then you've got beef -- brand was going to be sold.

Grupo bimbo in the United States known as the Kardashians and all kidding aside this is up almost 400 million dollar deal altogether but now -- Ferrara the US attorney in Manhattan.

Is objecting to the deal as it's structured and he said actually quote that the proposed sale order is currently drafted would diminish -- eliminate the government's ability to enforce.

Applicable police and regulatory statutes and regulations.

Eliminate the buyers and -- obligations to comply with environmental health and safety laws.

Roughly twenty -- -- is involved in.

The sale to those two different entity so this still could be on hold for now.

The give it to not stuffing twinkies from hitting store shelves and out of that that would be well there that's a separate deal.

That's not part of the card asking the there for now we can we didn't take some solace and that made a lot of the FCC is taking some issue with cell phone contracts what's going on there OK so I -- -- show you real quick so I've got a Smartphone here.

And Diana as I show you this Smartphone with a picture of -- 1964 Studebaker -- convertible.

What could I do right now that's G rated -- this phone that would get me thrown in prison for up to five years and up 500000 dollar fine.

I give up you give up if I were to unlock this phone while I'm still in contract -- my -- carrier who by the way drop service every now and then in Manhattan.

And then go to a different carrier -- got a message.

I could be in violation of current law and copyright policy but the FCC's urging congress to fix all that and let us -- -- these things -- contract to go to another carrier.

So unlocking the -- -- as you didn't go over to you know another carrier Verizon AT&T whatever it is that without having to buy.

And you I don't follow American right and technically you might be able to get a cheaper rate on your monthly whatever the deal is on the other hand the phone's gonna cost -- more as one of the ways that the companies get you in the Kerry -- -- and -- You buy the phone you also by two year plan with coverage that drops out Manhattan every now and then.

-- -- They pay more for the -- -- -- -- but then you can take it to -- carrier you want to you know that that looks to be where we're -- because -- you can buy -- unlocked phones on the secondary market now and some of the carriers actually sell unlocked phones -- -- much more expensive.

Interesting stuff that disappear from the eastern thanks Adam -- welcome and share.

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