By selling the company in a piecemeal fashion Hostess may be able to realize over $2.4 billion. Many different companies have indicated their interest in the numerous parts of the Hostess empire, from regional bakers to national retail chains.
Hostess wanted to shed workers as soon as possible as it was costing over $1 million a day in payroll costs without any income. Hostess has said it will close 33 bakery plants, 565 distribution centers and 570 outlet stores.
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