http://lifeinc.today.com/_news/2012/11/19/15279605-twinkies-last-stand-its-up-to-a-mediator?lite

Hostess Brands, unions and lenders agreed to mediation to try to save the company ... The decision staves off, for a couple of days at least, Hostess’ plans to shut down its 33 factories and lay off 18,500 workers after an acrimonious labor dispute that could lead to the end of the 82-year-old company ...

U.S. Bankruptcy Judge Robert Drain urged the parties to come to an agreement through mediation rather than through a public, and costly, hearing. The court called a short recess while the lawyer for the baker's union phoned his client to see if the union would agree to a mediation process tomorrow.

After the recess, the sides agreed to a mediation session Tuesday at 1 p.m. ET to try to work things out. ...

The sides will probably come to an agreement on Tuesday, John Pottow, a bankruptcy law professor at the University of Michigan, told TODAY. The biggest sign, he said, is that the Teamsters were on board. ...

"The bakery union probably thought management was bluffing," Pottow said. After Hostess filed for permission to liquidate Friday, it became clear they weren't.

Meanwhile, our local Hostess store ran out of bread on Saturday, took down all the signs and stuff, and now the parking lot is occupied by cars with "for sale" signs.