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FBN’s Liz MacDonald on the potential private equity firms looking at buying Hostess after declaring bankruptcy earlier this week.
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Mom being done hostess is -- -- that -- bakers union failed to agree to new labor terms of the maker of twinkies Ding Dong elbows Wonder Bread.
Dolly Madison cakes is headed for bankruptcy liquidation.
Who's to blame in Canada's iconic American brand now be saved -- -- can elicit details here.
With more I think private equity licking its chops to get audited by these -- Yeah that's right and basically what we're seeing at this Harry kept breaking news that hostess brands is essentially saying that.
I had been interested -- did tore a plant yesterday for drinks fruit pies so.
There may be some you know -- -- here and there are other names that Melissa being kicked about.
As to who the potential acquirers to be to come rescue twinkies and Dolly Madison and Ding Dong -- ho -- And here's a good news here's who -- and hearing about CT metropolis is is a private equity firm.
Big ot Pabst Blue -- they own chef -- RD the only bulb will be tunis -- wrap your -- -- that -- -- twinkies and Ding -- sit with your tear through fear and tuna although I actually.
Well look at those flower foods they own tasty cakes say Macy Dolly has been riding around with -- to -- say also on.
Brands like blue bird and Betsy Ross and eventually made and so the issue is you know.
What it won't happen if they pulled it out of bankruptcy -- to do with the union probably to deal with the speaker bakers union yes because you need those plants up and running.
But that the pick fight reason why not the -- because wage and pension health benefit fights and costs and debt at the company we think the companies buying.
These brands they're still gonna have to deal with the union yet limits what they would they -- -- those plants up and -- they would have to get to them work higher nonunion workers -- -- -- it hard to get a ramp up and going as quickly as it could bid by the way this -- an operation -- 22 states.
And it is so now we're talking about for Thanksgiving 181500.
People.
Losing their jobs so we're talking about 600 -- stores in depots but -- name of the game is what they could possibly do is.
Hook up with the distributors via Wal-Mart and get those the F baked goods three -- of Wal-Mart distribution centers.
It's all about distribution is about trucking it's about getting the plants up and running again.
Again the breaking news at this hour hostess brand advisors saying that basically -- -- is interested in drinks did toward the plant yesterday it's so hard for me to believe that private equity especially with -- in -- by business and keep your reading with the unions after -- that's happening yeah.
They would have a barrel yet let's say they would have to think basically strong arm band and to say look at -- have a job and agreed our terms or you know.
You know.
Okay -- -- -- Greg reports they are so much.
