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Ripplewood Holdings injected $120M into Hostess to allow it to keep operating - what do you bet that $120M is a loan secured by the value of the brand names? It is all private dealing so there is no way to be sure but I am sure Twinkees and Wonder bread will be for sale next year - baked by non-union bakers and delivered by non-union drivers

It's not that simple. When you are in bankruptcy it's really up to the judge to approve who gets paid what.

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