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Twinkies maker exits bankruptcy

February 04, 2009|Times Wire Reports

The maker of Hostess Twinkies and Wonder Bread has emerged from more than four years of bankruptcy protection.

Interstate Bakeries Corp. of Kansas City, Mo., said it had wrapped up deals with lenders and investors that would provide almost $600 million in financing. A group of lenders and investment firm Ripplewood Holdings are splitting ownership of the company and taking it private.

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