Bankruptcy

TerraVia auction set for September 11

TerraVia auction set for September 11

By Elaine Watson

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...

Hostess warns of mass layoffs in union negotiations

Hostess warns of mass layoffs in union negotiations

By Caroline Scott-Thomas

Hostess Brands has sent letters to its 18,500 employees warning of possible liquidation and job losses, after a federal judge ruled on Friday that the company could cancel all union contracts.

Hostess appoints new CEO to lead it out of bankruptcy

Hostess appoints new CEO to lead it out of bankruptcy

By Caroline Scott-Thomas

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.

Twinkies maker Hostess Brands files for bankruptcy

Twinkies maker Hostess Brands files for bankruptcy

By Caroline Scott-Thomas

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.

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