It's a miserable state of affairs, even as both sides as recently as mid-July professed optimism that a settlement might be near. But despite the mercy that bankruptcy law permits, perhaps the staggering Hostess zombie in the financial graveyard ought not to be fed anymore. While Hostess may yet come out of bankruptcy again -- and Twinkies surely will still be made by somebody regardless -- a different conclusion seems right: At long last, Hostess may have reached its ultimate expiration date.
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