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Author: legalwordwarrior Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 44309  
Subject: Re: An Open Letter Date: 11/18/2012 10:32 AM
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Apparently these union workers had no way to know that the company wasn't bluffing in negotiation.

I heard from a collegue that the AFL-CIO had approved the offer from Hostess, but the local reps refused it. I think they just got greedy and didn't want to know that the company wasn't bluffing.

BTW: all may not be lost. As I called it last week on FB, it looks like Bimbo may make another offer to buy the company. They were turned down with a previous offer of $580M, now Hostess is only worth about $1235M, so it could be a bargain for them. They bought out Mrs. Bairds a few years ago and the quality and taste of the products has remained the same.

LWW
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