Twinkie Maker Receives No Rival Plans

Law360, New York (January 16, 2008, 12:00 AM EST) -- Interstate Bakeries Corp. has not received any qualifying alternative proposals to fund its reorganization under Chapter 11 since it lost its exclusivity last week and will not hold an auction of its assets later this month as it had planned, the company announced on Wednesday.

The maker of Hostess Twinkies and Wonder Bread also said that it has not heard from investment firm Yucaipa Co. and the International Brotherhood of Teamsters, which submitted a reorganization plan in December.

IBC's sole right to file a Chapter 11...
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