What company's 2012 bankruptcy caused a brief halt in the production of Twinkies?
Twinkie bankruptcy judge Robert Drain approved Hostess' request to shut down, temporarily ending Twinkie production in the United States. On March 18, 2013, it was reported that Twinkies would return to store shelves in May of that year. Twinkies, along with other famed Hostess Brands, were purchased out of bankruptcy by Apollo Global Management and Metropoulos & Co for $410 million. Twinkies returned to U.S. shelves on July 15, 2013. Apollo subsequently sold Hostess for $2.3 billion. Before Hostess Brands filed for bankruptcy, Twinkies were reduced in size. They now contain and have a mass of 38.5 grams, while the original
Saab Automobile bankruptcy and the road to bankruptcy. The author is swedish financial journalist Jens B Nordström. Saab Automobile bankruptcy Saab Automobile was sold to Spyker Cars N.V. in 2010 after a deal between Spyker and then-current owner General Motors. After struggling to avoid insolvency throughout 2011, the company petitioned for bankruptcy following the failure of a Chinese consortium to complete a purchase of the company; the purchase had been blocked by former owner GM, which opposed the transfer of technology and production rights to a Chinese company. In 2012, Spyker filed a lawsuit against GM asking for US$3 billion in damages after