WHITE PLAINS, N.Y. — Twinkies will live to see another day.
Hostess Brands Inc. and its second largest union agreed Monday to try to resolve differences after a bankruptcy court judge noted that the parties hadn’t gone through the critical step of private mediation.
The company’s announcement last week that it would move to liquidate prompted people across the country to rush to stores and stock up on their favorite Hostess treats. Many businesses reported selling out of Twinkies within hours and the spongy cakes turned up for sale online for hundreds of dollars.
Even if Hostess goes out of business, its popular brands will likely find a second life in buyers. The company says several potential buyers have expressed interest in the brands.