-——Hostess trademarks and recipes will get sold to a foreign company.-——
I would argue that the asset buyer is already known. The productive and desirable assets will be utilized in a new company in say Texas where there will be no union.
The subsequent growth can take place in right to work states free of union shackles.
Obama/Holder have no power in Texas
I suspect the short shelf-life stuff will be discarded immediately and all non RTW state sites will be sold off totally and shipped off.