Hostess faces expiration date
New York Post Thursday 14th June, 2012
With the clock ticking, creditors of bankrupt Hostess Brands and its unions remain far apart on a deal to save the company from liquidation. Creditors, led by hedge fund Silver Point, on Tuesday rejected the latest plan from the Teamsters union to reorganize the company, and countered with a new plan that is unlikely to bridge the divide, sources said. "It’s pretty far from what the Teamsters would likely find acceptable," according to one ...
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