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Hostess will again ask bankruptcy Judge Robert Drain to authorize its liquidation after...

  • Wednesday, November 21, 2012, 3:42 AM ET
    Hostess will again ask bankruptcy Judge Robert Drain to authorize its liquidation after mediation talks with the company's striking bakers' union failed to resolve their differences. Potential suitors for all or part of Hostess' assets include Flowers Foods (FLO), which said on Monday that it has renegotiated lending terms to enable it to borrow additional cash. P-E firm Sun Capital could also be in the mix.
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This news story has 3 comments:

  •  
    times are tough, i cant imagine that a person would rather be out of work instead of possible givebacks.

    Wait until they see how good they had it..Reality is gonna slap those bakers in the face..
    21 Nov 2012, 07:05 AM Reply Like
  •  
    It is amazing! But you also have to fault the private equity guys for loading the thing with a ton of debt.
    21 Nov 2012, 07:49 AM Reply Like
  •  
    Definitely greed among the unions and the management here, coupled with a stale product lineup
    21 Nov 2012, 07:57 AM Reply Like
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