Twinkie Maker's Investment Plan Gets The Nod

Law360, New York (October 23, 2008, 12:00 AM EDT) -- A bankruptcy judge on Wednesday approved a $600 million investment plan to help Interstate Bakeries Corp. emerge from Chapter 11 bankruptcy after more than four years.

The plan, filed this month in the U.S. Bankruptcy Court for the Western District of Missouri, is in the best interests of the debtors, their estates, their creditors and other parties-in-interest, according to Judge Jerry W. Venters.

The company plans to exit bankruptcy by Feb. 9, using the new financing, when its debtor-in-possession financing expires, according to court documents....
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