After failed mediation, Hostess seeks OK to shutter

11/21/2012 | Bloomberg Businessweek

Hostess Brands will ask a bankruptcy judge to approve plans to liquidate 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 in a statement.

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