I think the liabilities are part of the deal, too :(
Only if they buy the whole thing. I think that liquidation means Bimbo (or whoever) can buy the name and/or the recipes without buying the actual company. The liquidation is so Hostess the entity can pay back those liabilities rather than pass them along. Alternately, Hostess can sell the liability along with one or more of the assets as an offset on the price. Like Jeep was when AMC held it, Hostess is a HUGE name. It might be worth taking on some of the problems to get access to the name/products/distribution channels.
Not if you simply buy the recipe and machinery.
It won’t be a hostess twinkie. But it could be a Little Debbie Twinkie if you know what I mean.
The union can piss off.
No welfare for them either. The conservative workers will find work. It’s what we (conservatives) do. The liberal Obama boot lickers? eff um.