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Union cites deal in Twinkie-maker bankruptcy
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Posted on
Aug 21 2008 2:38 AM
by
adeal
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The International Brotherhood of Teamsters said Wednesday it had brokered a deal between a financial firm looking to invest in bankrupt Interstate Bakeries Corp. and the company's lenders. The Teamsters, who had publicly criticized lenders Monday for holding up the negotiations, said the deal had been reached in late-night discussions Tuesday and early Wednesday.
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