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
Utah PR Spring ConferenceUtah Business Event
May 7, 2015
Join your colleagues from Utah Business along with PRSA & IABC for this important, 1-day event th...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business Magazine along with Snell & Wilmer are proud to announce the 16th annual 30 Women T...
CXO of the Year 2015Utah Business Event
Jun 25, 2015
Utah Business Magazine along with Stoel Rives - are proud to present the 2015 CXO of the Year Awa...
Community Events View All
Advanced Skills for Workplace Trainers
Apr 28, 2015
Learn to identify, develop, and modify your individual teaching style. We will start with the ste...
JavaScript Level 1
Apr 28, 2015
JavaScript is an easy-to-learn scripting language supported by all popular Web browsers. Students...

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