(CNN) – The company that makes Twinkies, Ho-Ho’s and Wonderbread is officially a bust. A federal bankruptcy judge finalized the liquidation of Hostess Brands, the company that makes the iconic baked goods. As part of the judgment, senior executives involved in winding down the company will receive bonuses ranging from $7400 to more than $130,000. […]
NEW YORK — The future of Twinkies is virtually assured. Hostess Brands Inc. said Thursday that it’s in talks with 110 potential buyers for its iconic brands, which also include CupCakes, Ding Dongs and Ho Hos. The suitors now include at least five national retailers such as supermarkets, a financial adviser for the company said […]
http://www.newsnet5.com/dpp/news/national/judge-orders-hostess-to-mediate-with-union Twinkies won’t die that easily after all. Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won’t go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing […]
Hostess Brands and the Bakery, Confectionery, Tobacco Workers and Grain Millers’ International Union agreed to mediation on Monday, according to a tweet from CNBC. The agreement will reportedly prevent a Hostess liquidation, which the company announced Friday could be imminent. The Bakers’ Union had been fighting a proposal to significantly cut worker pay and pensions, […]