The story on CNN.
They owe $944.2 Million to one of the pension/health benefits program
$11.8 Million to another
"In its filing with the U.S. Bankruptcy Court for the Southern District of New York, Hostess disclosed that its biggest unsecured creditor is the Bakery & Confectionary Union & Industry International Pension Fund, which it owes approximately $944.2 million.
Its second-largest unsecured creditor, Central States, Southeast and Southwest Areas Pension Plan is owed far less, about $11.8 million."
Thank You Wall Street Journal for the quote
post edited by CajunKing - 2012/01/11 16:24:04