Dead company talking: Mediation with bakers gives Hostess 48 hours

You thought you could kill a Twinkie that easy? Bankrupt Hostess Brands and its striking bakers stopped the death clock attached to the 82-year-old company by agreeing to a mediation session today, the NY Post reports.

The one-day chatfest between the maker of Twinkies and Wonder Bread and its 6,000-strong bakers union comes at the urging of Bankruptcy Judge Robert Drain.  Drain rejected a Hostess request yesterday to wind down the business immediately.  The White Plains, NY, judge will now try to broker a peace between two very hostile sides…..

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