I wouldn’t be surprised to learn there already have been inquiries. Technically, I think there are union laws that prevent any selling of a company that is just changing ownership to get rid of a union.
I think you have to actually sell it. I think the best way to prove that is to take the brand, the recipes, and leave to another area.
If I were Little Debbie, and I didn’t have a union, I’d be all over buying up the remainder of the my market niche. I could produce it in my own factories, and I’d be free and clear of any charges that it was just a sham sell shell game.
The acquiring company will likely just acquire the recipes, trademarks, and some of the equipment, and start producing the hostess brands in existing bakeries in right-to-work states. There will be no simple "change of ownership".