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 This material may not be published, broadcast, rewritten or redistributed.)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>>

  • PHOTOS: Hobo Spider season has arrived

    PHOTOS: Hobo Spider season has arrived

    Friday, August 29 2014 5:37 PM EDT2014-08-29 21:37:17 GMT
    KHQ.COM - Mid August is about the time that we start to see spiders come into our homes, particularly the hobo spider. August and September is mating season for the hobo and that means you may be seeing more funnel-like webs in and around your home. Males are on a mission to find a female which is why they are a lot more active at this time.>>
    KHQ.COM - Mid August is about the time that we start to see spiders come into our homes, particularly the hobo spider. August and September is mating season for the hobo and that means you may be seeing more funnel-like webs in and around your home. Males are on a mission to find a female which is why they are a lot more active at this time.
    >>
  • Man hospitalized after downtown dispute

    Man hospitalized after downtown dispute

    Sunday, August 31 2014 10:09 PM EDT2014-09-01 02:09:05 GMT
    SPOKANE, Wash. - One man is in critical condition after a fight in downtown Spokane early Sunday morning, according to Spokane Police. Patrol officers found the man unresponsive at 2:30 a.m. near the intersection of Sprague and Stevens. Witnesses told police the injured man had walked out in front of a taxi and started a fight.>>
    SPOKANE, Wash. - One man is in critical condition after a fight in downtown Spokane early Sunday morning, according to Spokane Police. Patrol officers found the man unresponsive at 2:30 a.m. near the intersection of Sprague and Stevens. Witnesses told police the injured man had walked out in front of a taxi and started a fight.>>
  • Throwback Thursday! Look At 'Sunshine Shelly' Through The Years!

    Throwback Thursday! Look At 'Sunshine Shelly' Through The Years!

    Thursday, March 20 2014 1:04 PM EDT2014-03-20 17:04:11 GMT
    KHQ.COM - It's throwback Thursday! Here is a slideshow we would like to share of Shelly Monahan through the years! For those of you who have been in Spokane for many years, and saw her through her "Sunshine Shelly" days, you will probably remember the Shelly from back in those days. Enjoy!>>
    KHQ.COM - It's throwback Thursday! Here is a slideshow we would like to share of Shelly Monahan through the years! For those of you who have been in Spokane for many years, and saw her through her "Sunshine Shelly" days, you will probably remember the Shelly from back in those days. Enjoy!>>