A new life for Hostess?

Robin Humphrey —  Tuesday, November 20, 2012

It looks like Twinkies won’t disappear that easily after all.

Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won’t go out of business just yet.  The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.

The U.S. Bankruptcy Judge in White Plain, NY who is hearing the case says that the  two parties haven’t gone through the critical step of mediation and asked the lawyer for the bakery’s union to ask his client, who wasn’t present, if he would agree to participate.