TODAY | November 20, 2012
Hope for Twinkie-maker as Hostess heads into mediation
On Monday, Hostess brands and its second-largest union agreed to a final mediation session in an attempt to avoid liquidation and a sale of assets. Even if the talks fail, several potential buyers are interested in the rights to Twinkies, Wonder Bread and other Hostess brands. TODAY’s Natalie Morales reports.
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This content comes from Closed Captioning that was broadcast along with this program.
>>> there would be hope for ho-hos and twinkies after all as hostess brand heads into mediation talks today with its second largest union. a bankruptcy court judge noted that the wonder bread manufacturer had yet to private mediate its dispute before attempting to liquidate and sell its assets last week. even if talks fail and hostess does go out of business, several other potential buyers could snap up its most popular brands.