Slatehas a story this afternoon
, and the use of private equity to take the snack’s maker out of bankruptcy and into producing, well, Twinkies.
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 betweenMitt Romney
and his opponents (Democratic and Republican.)
Here’swhat 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.