You have to understand the business side of this. The various elements of Hostess will continue on...but manufactured in mostly non-union states. There will be a period when the company is broken up, and pieces sold off. The name for each item is worth a fair amount of money....so manufacturing will start back up by spring of 2013 at ‘friendly’ locations. This whole element is about a business finding a better way to sell their product at a cheaper rate...nothing more than that. The union guys? They really didn’t grasp the game being played until it was too late. Wouldn't it be sweet if Bain Capital were to buy up all of the company's trademarks and assets? I wonder how many people's heads would explode. :=)
They then could reopen the facilities (at least the ones in right-to-work states) and return the company to profitability.