Hostess Brands Inc., agreed in court on Nov. 19 to enter private mediation with lenders as a means of avoiding liquidation.

The maker of Twinkies snack cakes and Ho Hos, which filed for Chapter 11 bankruptcy in January, wants to sell its assets as part of a wind down plan, after employee strikes that started on Nov. 9 caused the company to lose between $7.5 million and $9.5 million, according to court documents.

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