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View Diary: Private equity-owned Hostess blames striking workers as it liquidates (263 comments)

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  •  Nope... (0+ / 0-)

    Order of preference would be the DIP financing, which has claim to everything, the secured, then the unsecured creditors, then the equity holders.   The fees the equity holders would have received would likely been too small to recoup a total wipeout of equity.  If they had done a dividend recap, which was a favorite Bain strategy, the equity holders might have gotten whole.  I am virtually certain Hostess did not do one.

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