The news says a Judge wants the two sides to come to an agreement and work things out but I doubt that will happen...

Enter GRUPO BIMBO to the rescue! "Grupo Bimbo is the world’s largest bread baking firm, which already owns parts of Sara Lee, Entenmann’s and Thomas English Muffins and previously made what was considered a low-ball offer of $580 million a few years ago, Forbes reports. Now Hostess may only be worth $135 million." see link below...

http://nbclatino.com/2012/11/17/will-twinkies-be-reborn-through-new-mexican-ownership/