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Wednesday, Nov 28
2012, 8:26 AM
A union repping bakers at Hostess Brands asks a bankruptcy court to appoint at Chapter 11...
A union repping bakers at Hostess Brands asks a bankruptcy court to appoint at Chapter 11 trustee to oversee the closing down of the company. If approved, a trustee could change the dynamic of how key brands such as Twinkies, Ho-Hos, and Wonder Bread are dealt with during the liquidation process. Flower Foods (FLO) is still lined up as the most likely company to make a strong bid for the assets, perhaps even more so after the ConAgra-Ralcorp deal raised the stakes on scale in the industry.