Bankrupt Hostess CEO: Deal With Union Close, May Pave Way Out Of Chapter 11

Bankrupt Hostess CEO: Deal With Union Close, May Pave Way Out Of Chapter 11

NEW YORK - The CEO of bankrupt Hostess Brands Inc. on Aug. 20 sent a letter to employees indicating that the company had reached a breakthrough with its largest union regarding modification to the collective bargaining agreement (CBA), which may help pave the way for Hostess to emerge from bankruptcy (In Re:  Hostess Brands Inc.,  No. 12-22052, Chapter 11, S.D. N.Y. Bkcy.).

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