The proposed buyout includes the brands, bakeries and some of the equipment but requires bankruptcy court approval before the sale will be final.
The new buyers promise to bring back the popular Hostess products including Twinkies, Ding Dongs, and HoHos. They also state that they will be providing jobs around the country. However, it is unknown how many of the 18,500 former Hostess workers will find work as the buyers plan to outsource distribution and produce snacks in existing bakeries causing union promises of replacement jobs to be in question.
Read more at ABC.com.
Independent candidate Robert F. Kennedy Jr. is expected to influence the outcome of the 2024…
Before 2011, earmarks were a frequent source of corruption and furthering of personal agendas by…
The Biden administration is creating regulations at an historic pace and it's making everything so…
The U.S. economy is showing signs of stagflation as growth slumps down and prices continue…