Hostess, union agree to mediation at US judge's urging
White Plains, N.Y. |
White Plains, N.Y. Nov 19 (Reuters) - Hostess Brands Inc, its lenders and the unions representing its striking workers, agreed to start mediation hearings on Tuesday at the urging of a U.S. bankruptcy court judge.
A hearing on Monday during which the bankrupt maker of Twinkies snack cakes and Wonder Bread was set to ask for permission to liquidate was quickly adjourned until Wednesday after the judge urged the parties to mediate in private.
The mediation will begin on Tuesday.
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