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View Diary: Private equity-owned Hostess blames striking workers as it liquidates (263 comments)

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    ColoTim

    ...A private equity firm would NOT want to see Hostess go into bankruptcy, even if they took ridiculous fees.  They invested equity which is now worthless, in claim behind the DIP financing that is funding the asset sale, and the secured and unsecured creditors.  In short, they are screwed.   The debt holders control the show, and since Hostess was in BK since January have been the invisible hand behind all this.

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