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Latest Ho Hos Items
Hostess is moving ahead with plans to sell its Twinkies and other snack cakes after nobody stepped forward to top an offer made by two investment firms.
The makers of Thomas' English muffins and Tastykake snacks are emerging as the two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, a newspaper reported Saturday.
The future of Twinkies is virtually assured. Hostess Brands Inc. got final approval Thursday in bankruptcy court for its wind-down plans, setting the stage for its roster of snack cakes to find a second life with new owners — even as 18,000 jobs will be wiped out.
The maker of Twinkies, Ding Dongs, Ho Hos and Wonder Bread agreed Monday to last-minute mediation talks in the labor dispute that has driven the company to the brink of shutting its doors.