Assuming that there are suitors willing to top Corbion’s $20m stalking horse bid for the algae-fueled company, an auction for some or all of TerraVia's assets will take place on September 11 in New York at the offices of Davis Polk & Wardwell...
While Hostess Brands has placed the blame for its demise squarely on the shoulders of the Baker’s union, its boss says his members rejected the company’s final collective bargaining offer last year because they were convinced it had become "fatally...
The $1.75m in bonuses to be shared by bosses at Hostess Brands should they meet targets relating to the sell-off of its assets are “below market rates” and “completely routine”, says the now-defunct maker of Twinkies and Ding Dongs.
Hostess Brands is seeking a legal means to force members of the union representing a big chunk of its staff to accept a deal they have rejected by an overwhelming majority, or says it will have no choice but to liquidate the company.
Cargill has acquired a beef processing facility for $14.1m from AFA Foods, which filed for Chapter 11 bankruptcy in the wake of a wave of media coverage over lean finely textured beef (LFTB) – aka ‘pink slime’.
A union leader representing about 7,500 Hostess Brands workers has said he has zero confidence that the company will come to an agreement over workers’ pensions, ahead of a bankruptcy court hearing on Tuesday.
Beleaguered Twinkies and Wonder Bread maker Hostess Brands has appointed Gregory Rayburn as CEO to lead it out of Chapter 11 bankruptcy, replacing Brian Driscoll, whose resignation was effective on Friday.
A major bakery workers union has hit out against Hostess Brands for its assertion that pensions obligations were a principal reason for its Chapter 11 bankruptcy filing, blaming 'ineffective executives' instead.
Wonder bread and Twinkies maker Hostess Brands has filed for Chapter 11 bankruptcy to allow it to restructure, but does not expect to stop producing or delivering any of its products during the process, the company said on Wednesday.
Rice bran ingredient and nutraceutical supplier NutraCea has emerged from Chapter 11 bankruptcy after just over a year – a move that allowed it to restructure and reduce overheads, the company has said.
The Peanut Corporation of America’s bankruptcy proceedings are due to begin in Virginia on Thursday, but small businesses caught up in the salmonella scandal are unlikely to receive compensation, according to news reports.
An emergency decree passed late last month by the Italian
government in a bid to save dairy giant Parmalat from collapse
looks set to win support from the European Commission on the back
of guarantees that there will be no state bail-out...