date:Oct 13, 2012
n 2011, will experience a complete loss and receive nothing on account of these investments. In addition, unsecured creditors with claims of $2bn to $2.5bn will not receive any recovery.
The new plan, which will enable the company to lower its debt, is subject to further modifications and approval by the court.
Hostess Brands chairman and chief executive officer Gregory F Rayburn said that demand for Hostess products has been very resilient, giving the company a solid base to work from.
With