Hostess Union Pulls Objections To Upcoming Asset Sales

Law360, New York (April 4, 2013, 6:54 PM EDT) -- The bakers union of Hostess Brands Inc. on Thursday dropped its objections to the company’s planned sales of its Drake's brands after Hostess agreed to add language saying the deals would not limit any bargaining obligations of the respective purchasers.

The Bakery Workers union said it had agreed to drop its objections to the sale after the company agreed to amend the agreement protecting any bargaining rights.

“This withdrawal is conditioned upon the inclusion of language in the sale orders that makes clear that nothing therein...
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