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Hostess To Liquidate After Spoiled Bankruptcy Efforts

By Jake Simpson (November 16, 2012, 6:06 PM EST) -- Beleaguered food company Hostess Brands Inc., owner of the iconic Twinkie and Wonder Bread brands, said Friday that it would liquidate the company, wind down operations and sell off its brands after its bankruptcy proceedings in New York federal court were hampered by a labor strike....

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