Hostess, union agree to mediation at judge's urging
Posted : Monday, 19 November 2012 02:18PM
White Plains, New York (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 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.
(Reporting by Nick Brown and Martinne Geller in New York; editing by Carol Bishopric)
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