Hostess Sale OK'd by Court; Twinkies May Be Back by Summer
A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer.
Hostess Brands
Twinkies Buyer Says Cakes Could Return by Summer
Hostess is moving ahead with plans to sell its Twinkies and other snack cakes after nobody stepped forward to top an offer made by two investment firms.
Hostess Gets OK to Begin Winding Down Business
Hostess Brands lived to die another day. The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second-biggest union. As a result, Hostess will be in court Wednesday asking for a bankruptcy judge for permission to shutter its operations.
Another Pension Bites the Dust: A Lesson from Hostess' Bankruptcy
When Hostess Brands entered bankruptcy liquidation, it became the latest in a long list of companies to kill its pension plan. And while the existing retirees may still be protected by the government's Pension Benefit Guaranty Corporation, younger Hostess employees won't be so lucky.
Judge Orders Hostess to Mediate with Union
Twinkies won't die that easily after all. Hostess Brands and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won't go out of business just yet.
Twinkies Likely to Survive Sale of Hostess
Twinkie lovers, relax: Your snacks are likely to survive, even though Hostess Brands will not. Despite the problems that led Hostess to bankruptcy court, its high brand recognition and strong revenues ensure other companies will bid for at least slices of its baked goods empire.