Slate has a story this afternoon about Twinkies, which have a strong Kansas City connection, and the use of private equity to take the snack’s maker out of bankruptcy and into producing, well, Twinkies.
By DAVE HELLING
You may remember that private equity was a huge issue in last year’s presidential campaign — and another Kansas City company, GST, was at the center of that argument between Mitt Romney and his opponents (Democratic and Republican.)
Here’s what we wrote at the time.
So: sometimes private equity bailouts work. Sometimes they don’t.
If they don’t this time, Twinkies may go the way of GST Steel.