Hostess, union mediation fails
Looks like it’ll be a bake sale after all. Hostess Brands Inc. said Tuesday that mediation efforts with the Bakery, Confectionery, Tobacco and Grain Millers Union were about as successful as a Twinkie without the cream filling.
That means Hostess will return to bankruptcy court in White Plains, N.Y., on Wednesday morning to argue its case for liquidating and selling off its assets.
The company “will have no further comment” until then, it said.
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