Options Falter For Bankrupt Hostess Brands Inc.; Judge Denies Motion To Reject Teamster Labor Contracts
May 16, 2012
Creditors rejected two proposals to buy the Hostess Brands Inc. out of bankruptcy as too low and are not optimistic about reaching a deal.
Creditors rejected two proposals to buy the Hostess Brands Inc. out of bankruptcy as too low and are not optimistic about reaching a deal, according to The New York Post. Meanwhile, a federal bankruptcy judge delivered a win for the company’s largest union, the Teamsters, when he denied the company’s motion to scrap its employment contracts. For the full story, click here.
Hostess Brands Inc.'s survival could depend on the outcome of negotiations with its two main unions, as the company prepares to file for bankruptcy protection a second time, said...
