Hostess Claims 110 Potential Buyers, Says Executive Bonuses Necessary

Nov. 30, 2012

In a hearing in the U.S. Bankruptcy Court in the Southern District of New York in White Plains, N.Y., Hostess Brands has said it is talking to 110 potential buyers for its brands, according to USA Today. It also claimed to need to pay 19 executives bonuses during the wind down, which drew criticism from at least one Hostess employee. Full article.