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November 20, 2012

Hostess Brands, union agree to try mediation

AP Food Industry Writer

WHITE PLAINS, N.Y. — Twinkies will live to see another day.

Hostess Brands Inc. and its second largest union agreed on Monday to go into mediation to try to resolve their differences after a bankruptcy court judge noted that the parties hadn't gone through the critical step. That means the maker of the spongy cake with the mysterious cream filling won't go out of business yet.

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