Hostess Mediation Fails, Back to Liquidation

IRVING, Texas — Hostess Brands here said late Tuesday that a last-ditch effort to save the company through mediation with the Bakery, Confectionary, Tobacco and Grain Millers Union was unsuccessful and that it would again seek liquidation Wednesday morning.

As previously reported, Hostess, maker of Wonder Bread, Twinkies and other baked goods brands, said last week it would seek to liquidate in the wake of a nationwide strike by the union, but was asked by t

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