The offer to the BCTGM (Bakery, Confectionery, Tobacco Workers and Grain Millers International) included wage, benefit and work rule concessions but also gave Hostess Brands’ 12 unions a 25 percent ownership stake in the company, representation on its Board of Directors and $100 million in reorganized Hostess Brands’ debt. BCTGM rejected this final offer in September.
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"The best argument against democracy is a five-minute conversation with the average voter."
Winston Churchill

"So it goes." Kurt Vonnegut jr.