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

|By:, SA News Editor

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.