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ARTICLE · 28 NOVEMBER 2012

Hostess Does Not Liquidate, Set To Mediate With Union

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Reports of Twinkie the Kid's death have been exaggerated.

United StatesInsolvency/Bankruptcy/Re-Structuring
Douglas Mintz
Douglas Mintz
Jeffrey Taub
Jeffrey Taub
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Reports of Twinkie the Kid's death have been exaggerated. Despite widespread mainstream media reports of Hostess' impending liquidation, the court has not yet approved liquidation. To the contrary, on November 19, 2012, after a brief hearing on Hostess's emergency motions to begin the wind down of its operations, Hostess and its two main unions agreed to attend a confidential mediation session. At the mediation, Bankruptcy Judge Robert Drain intends to determine if the parties can avoid liquidation.

The mediation marks the latest turn in the years long saga. Restructuring Review has covered Hostess' negotiations with its unions here, here, and here.

Proposed Liquidation

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