Unions Killed the Twinkie

[sgrizzle]

And the purchasing rumors begin!

http://abcnews.go.com/blogs/business/2012/11/twinkies-may-find-buyer-hostess-ceo-says/

Bimbo is the best fit. Would allow them to spread across the U.S. market and likely the best candidate to re-open the bakeries.

[DolfanBob]

Bimbo is the best fit. Would allow them to spread across the U.S. market and likely the best candidate to re-open the bakeries.

More of, You Speak-A-Spanish?

[sgrizzle]

More of, You Speak-A-Spanish?

Tulsa could officially say they have Bimbos on 11th Street?

[Hoss]

Tulsa could officially say they have Bimbos on 11th Street?

I think they've been saying that for years...

[Townsend]

Tulsa could officially say they have Bimbos on 11th Street?

You could go there dressed like Wayne Brady and choke all the workers.

[patric]

Johnson and Johnson will be selling combination twinkie snack cakes and sponge mops soon.

http://www.nbc.com/saturday-night-live/video/shimmer-floor-wax/1056743/

[Gaspar]

Embargo off!
They're going to mediation!

[Hoss]

Hold your Twinkies...there's more coming!

http://www.kjrh.com/dpp/news/local_news/judge-orders-hostess-union-to-mediation-liquidation-halted-for-now

[Hoss]

Now a PE firm is interested in purchasing them.  I don't know if that's any better than their current situation...I've been down that route, although the PE firm that bought us didn't have to deal with unions.

http://finance.fortune.cnn.com/2012/11/19/hostess-sun-buyout/

[erfalf]

Alright, let's get back to reality on this whole PE bashing soiree. Yes PE firms now own Hostess. Yes, they may or may not make some money. Keep in mind only the best of the best PE firms (top quartile) can consistently beat the S&P 500 index. In this case, if it weren't for PE firms, Hostess would have more than likely been defunct years ago.

For some good commentary on what has been happenning, I'd recommend reading the following. It was actually written in July, but gives a great rundown of the players and goings on over the years at a company that has been in this position before.

http://management.fortune.cnn.com/2012/07/26/hostess-twinkies-bankrupt/

[nathanm]

I've been down that route, although the PE firm that bought us didn't have to deal with unions.

They've been down that road, too. Look how well it worked out for them. I guess if something doesn't work, try the same thing again, only try harder this time.

[Teatownclown]

"see if you can guess what I am?"

[carltonplace]

Embargo off!
They're going to mediation!

The judge forced them to mediation. They were in court asking for approval to pay management bonuses.

[guido911]

The judge forced them to mediation. They were in court asking for approval to pay management bonuses.

Yeah capitalism.

[TulsaRufnex]

They should stay good for at least 100 years.  I wonder if you could use Ding Dongs as barter material during the zombie apocalypse?

Don't worry, when the zombies come, you, Gas, and Gweed will all be okay, because zombies eat brains.