With failed mediation, Hostess will seek OK to shutter

Hostess Brands will ask a bankruptcy judge to allow liquidation of the company after mediation with a striking labor union failed. "A mediation today with the Bakery, Confectionary, Tobacco and Grain Millers Union was unsuccessful," the maker of Twinkies and Wonder Bread said.


This news summary appeared in FMI dailyLead® on 11/21/2012
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