Scared Monkeys Discussion Forum

Current Events and Musings => Business News => Topic started by: seahorse on November 19, 2012, 04:24:46 PM



Title: Twinkies stave off extinction, judge orders mediation
Post by: seahorse on November 19, 2012, 04:24:46 PM
Twinkies stave off extinction, judge orders mediation
From ASSOCIATED PRESS

Last Updated: 3:57 PM, November 19, 2012
Posted: 3:36 PM, November 19, 2012




Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the 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.

snip..

http://www.nypost.com/

http://www.nypost.com/p/news/national/twinkies_staves_off_extinction_judge_k9sgG26pNuCBpufJZPMZ6L


Title: Re: Twinkies stave off extinction, judge orders mediation
Post by: seahorse on November 21, 2012, 04:04:11 PM
http://**/business/ci_22042671/twinkies-and-other-brands-will-live-but-hostess


Title: Re: Twinkies stave off extinction, judge orders mediation
Post by: seahorse on November 21, 2012, 04:14:15 PM
http://www.nypost.com/p/news/business/hostess_THsE0uDvRzSNFlFRPZArpN

Hostess has received a 'flood of inquiries' from potential buyers for several brands

From REUTERS

Last Updated: 3:41 PM, November 21, 2012
Posted: 3:35 PM, November 21, 2012

Hostess Brands Inc on Wednesday appeared headed toward a liquidation, though its lawyers and advisers expressed optimism that they will find new homes for many of its iconic brands, which include Twinkies, Drake's cakes and Wonder Bread.


 ::snipping2::


Title: Re: Twinkies stave off extinction, judge orders mediation
Post by: seahorse on January 12, 2013, 07:34:39 AM
http://www.nbcnews.com/business/flowers-foods-buy-some-hostess-brands-390-million-1B7946786

 :smt054


Title: Re: Twinkies stave off extinction, judge orders mediation
Post by: MuffyBee on January 12, 2013, 08:48:19 AM
http://www.wfaa.com/news/business/186560191.html
Hostess to sell Wonder bread to maker of Tastykake
January 11, 2013

NEW YORK (AP) Hostess has found a new home for its most popular breads, including the iconic Wonder bread.
The bankrupt maker of Twinkies, Devil Dogs and other snack cakes said late Friday that it selected bids by rival bakery Flower Foods Inc. to buy six of its bread brands for $390 million. Flower Foods, based in Thomasville, Ga., is best known for Tastykakes but also makes breads including Nature's Own and Cobblestone Mill.
Hostess is expected to announce buyers for its famed dessert cakes in coming weeks. The company has said a wide variety of parties have expressed interest in its brands, including national supermarket chains and the makers of brand name packaged foods.
Flower Foods was selected as the "stalking horse" bidder for the bread brands. That means higher competing bids can still be made and the final deal must be approved in bankruptcy court. The company made two separate bids for the Hostess breads; a $360 million bid for Wonder, Nature's Pride, Butternut, Home Pride and Merita, along with 20 bakeries and 38 depots. Another $30 million bid was made for Beefsteak.
Taken together, Hostess said those breads generated just under $1 billion in sales last year, with Wonder bread accounting for about half of that. Flower Foods, which generates about $3 billion in annual sales, said it expects the deals to be accretive to its earning this year. The company plans to finance the deal through a mix of cash and debt.
 ::snipping2::
Hostess CEO Gregory Rayburn, who was hired last year to help orchestrate a turnaround, said in a statement that negotiations were continuing with parties for its snack cakes and remaining bread bands. The company has stressed in bankruptcy court that it would need to move quickly in the sales to capitalize on the outpouring of nostalgia prompted by its shuttering.


Title: Re: Twinkies stave off extinction, judge orders mediation
Post by: seahorse on March 15, 2013, 05:45:09 AM
http://www.firstcoastnews.com/news/strange/article/303577/82/Twinkies-Your-favorite-hostess-snack-may-return



 :smt054




http://www.firstcoastnews.com/news/strange/article/303577/82/Twinkies-Your-favorite-hostess-snack-may-return




Title: Re: Twinkies stave off extinction, judge orders mediation
Post by: seahorse on June 24, 2013, 11:59:09 AM
(http://www.csmonitor.com/var/ezflow_site/storage/images/media/content/2013/0623-business-twinkies/16158223-1-eng-US/0623-business-twinkies_full_380.jpg)

Twinkies to make sweet comeback in 3 weeks (+video)
Twinkies expected to return to store shelves July 15 after a crippling strike and liquidation of the company last year. The new company making Twinkies and other Hostess products is operating a leaner, nonunion operation.

By Candice Choi, AP Food Industry Writer / June 24, 2013


Time: abt two hours ago :)
http://www.csmonitor.com/Business/Latest-News-Wires/2013/0624/Twinkies-to-make-sweet-comeback-in-3-weeks-video