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Court Orders Private Mediation with Hostess

By: Chris Veech

Updated: November 19, 2012

It might not be the end of the twinkie after all. Today in court, Hostess agreed to enter private mediation with its lenders and leaders of a striking union. It's all in an effort to avert the liquidation of the company. The 82-year-old company is seeking permission to liquidate its business, claiming its operations had been crippled by a bakers strike. Hostess suspended operations of all its 33 plans across the country last week as it moved to start selling assets.

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