Hostess announced a voluntary recall of several products due to concerns that they may contain peanut residue that could be harmful to those with allergies.
Hostess Brands Inc. has won approval to sell off the last of its major cake and bread brands, bringing the total proceeds from its liquidation to about $860 million.
A bankruptcy judge on Tuesday approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer.
We spent 2 hours last Tuesday night lamenting the disappearing Hostess cakes. A Marine called in saying he couldn’t wait to return home for a Devil Dog only to find that they are no where to be found.
Hostess is set to announce that it has picked the maker of Little Debbie as the lead bidder to buy its Drake's cakes, according to a source close to the situation.