News Artcle

Hostess cleared to close; 110 entities eye brands

Published November 30, 2012

TEL AVIV (MarketWatch) -- Hostess Brands Inc. on Thursday was cleared by a federal bankruptcy judge to sell its assets, dismiss 18,000 staffers and liquidate the company, media reports said. U.S. Bankruptcy Judge Robert Drain in White Plains, N.Y., ruled that the iconic maker of Twinkies and Ding Dongs could pay as much as $1.8 million to the senior managers who will stay on to oversee the winding down of the operations, Friday reports say. At the same time, an adviser to Hostess said in court that 110 parties have shown interest in the brands, which also include its cupcakes, Devil Dogs, Wonder Bread and Ho Ho's.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

[ read more ]
Utah Business Social
UB Events View All
Community Events View All
Used Car Show in - Salt lake City - Clearfield in September
Sep 1, 2014
Visit Us at Our Two Location's We have Show of Old Cars, New Cars, used Cars. You Can Exchange or...
Banking on Women™ Program
Sep 4, 2014
Westminster Seeks Female Entrepreneurs for Free Training Program Revolutionary Banking on Women™...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel