Posted: November 19, 2012
According to a bankruptcy judge, Hostess and the major union representing its workers need to try to mediate their differences before the company can be liquidated. So maybe the company's taste treats won't disappear anytime soon.
"Twinkies Saved! Hostess, Bakers Union Agree to Mediation, Avoiding Shutdown."
That's the "alert" this hour at CNBC.com.
Reuters has issued this "bulletin":
"US BANKRUPTCY JUDGE SAYS PARTIES AGREE TO MEDIATION ON TUESDAY IN HOSTESS CASE."
And according to The Associated Press:
"Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week."
This follows Friday's big news, of course: "No More Twinkies? Hostess Brands Is Shutting Down."
We'll watch for more developments.
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