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Maybe Twinkies Do Last Forever: Union, Hostess Headed To Mediation

Mon, November 19, 2012 8:17pm

Story by Mark Memmott


The big name in the Hostess lineup.

"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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