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Maybe Twinkies Do Last Forever: Union, Hostess Headed To Mediation

The big name in the Hostess lineup. i i

hide captionThe big name in the Hostess lineup.

Scott Olson/Getty Images
The big name in the Hostess lineup.

The big name in the Hostess lineup.

Scott Olson/Getty Images

"Twinkies Saved! Hostess, Bakers Union Agree to Mediation, Avoiding Shutdown."

That's the "alert" this hour at CNBC.com.

Reuters has issued this "bulletin":

"US BANKRUPTCY JUDGE SAYS PARTIES AGREE TO MEDIATION ON TUESDAY IN HOSTESS CASE."

And according to The Associated Press:

"Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week."

This follows Friday's big news, of course: "No More Twinkies? Hostess Brands Is Shutting Down."

We'll watch for more developments.

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