Hostess Brands—the maker of Twinkies, Ding Dongs and Wonder Bread—announced it is asking a federal bankruptcy court for permission to close its operations and sell its assets, James O'Toole of CNN Money reports.A Wonder Bread truck pulls out of the Utah Hostess plant in Ogden, Utah, Thursday, Nov. 15, 2012. Hostess Brands Inc. said it likely won't make an announcement until Friday morning on whether it will move to liquidate its business, after the companyIf Hostess Brands wins court approval to liquidate next week, it is likely to encounter substantial demand for its portfolio of iconic snack cakes and baked goods like Twinkies and Wonder Bread, investors and industry experts said on Friday. HostessHostess Brands Inc. says it's going out of business after striking workers across the country crippled its ability to make its Twinkies, Ding Dongs and other snacks. The company had warned employees that it would file a motion with U.S. Bankruptcyit's not just Hostess, it's also Drake's that will go under, since Hostess bought them out 25 years ago (and made them national more or less). So no more Devil Dogs, Ring Dings, Yodels, Funny Bones, or the famous Coffee
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