Bakery firm files plan to reorganize
- Share via
From Times Wire Services
Interstate Bakeries Corp., the bankrupt maker of Hostess Twinkies, filed a new plan to reorganize its operations and exit court protection.
The new plan was filed after creditors dropped their opposition in exchange for $5 million and a chance to earn more money if the company rises in value, Interstate said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
