Twinkies Likely To Survive Sale Of Hostess - Spokane, North Idaho News & Weather KHQ.com

Twinkies Likely To Survive Sale Of Hostess

Posted: Updated:

DETROIT (AP) - Twinkie lovers, relax.
    
The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court.
    
Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho's, will be in a New York bankruptcy courtroom Monday to start the process of selling itself.
    
The company, weighed down by debt, management turmoil, rising labor costs and the changing tastes of America, decided on Friday that it no longer could make it through a conventional Chapter 11 bankruptcy restructuring. Instead, it's asking the court for permission to sell assets and go out of business.
    
But with high brand recognition and $2.5 billion in annual revenue, other companies are interested in bidding for at least pieces of Hostess.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Dog found nearly dead with gunshot wounds still needs a home

    Dog found nearly dead with gunshot wounds still needs a home

    Friday, September 12 2014 8:21 PM EDT2014-09-13 00:21:26 GMT
    SPOKANE, Wash. - Many of you may remember Bella, the American Staffordshire Terrier that stole our hearts after she was found by a family camping in the woods near Coeur d'Alene beaten, starving and nearly dead from two gun shot wounds. >>
    SPOKANE, Wash. - Many of you may remember Bella, the American Staffordshire Terrier that stole our hearts after she was found by a family camping in the woods near Coeur d'Alene beaten, starving and nearly dead from two gun shot wounds. The family who found her, rushed her to the vet and somehow she survived. >>>ADOPT BELLA>>> >>
  • First date ends with man dead, woman hospitalized

    First date ends with man dead, woman hospitalized

    Tuesday, September 16 2014 9:44 AM EDT2014-09-16 13:44:21 GMT
    TACOMA, Wash. (AP) - Pierce County sheriff's detectives know this much: a first date ended with a Gig Harbor, Washington, man dead and his date hospitalized in critical condition.The News Tribune reports that investigators think the 47-year-old Port Orchard woman ran over her date, then crashed his truck 15 feet down an embankment.>>
    TACOMA, Wash. (AP) - Pierce County sheriff's detectives know this much: a first date ended with a Gig Harbor, Washington, man dead and his date hospitalized in critical condition.The News Tribune reports that investigators think the 47-year-old Port Orchard woman ran over her date, then crashed his truck 15 feet down an embankment.
    >>
  • WATCH: Rarely seen 9/11 Budweiser commercial that aired only once

    WATCH: Rarely seen 9/11 Budweiser commercial that aired only once

    Thursday, September 11 2014 8:52 PM EDT2014-09-12 00:52:54 GMT
    KHQ.COM - This Budweiser commercial was produced after the September 11th terrorist attacks. However, it hasn't been widely seen because Budweiser only aired it once so as not to benefit financially from it - they just wanted to acknowledge the tragic event.>>
    KHQ.COM - This Budweiser commercial was produced after the September 11th terrorist attacks. However, it hasn't been widely seen because Budweiser only aired it once so as not to benefit financially from it - they just wanted to acknowledge the tragic event.>>