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Maker of Twinkies Files for Bankruptcy
Interstate Bakeries Corp., the largest wholesale bakery in the U.S.,
filed for Chapter 11 bankruptcy on Wednesday, listing more than $1.3 billion in debts. The company, which produces Wonder bread and Hostess Twinkies, cited the falling demand for its bread and bakery products amid the popularity of low-carbohydrate diets as a reason for its financial woes. |
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