Bankruptcy Judge Robert D. Drain urged union members to vote in favor of the final contract offered up by Hostess Brands Inc., Dow Jones Daily Bankruptcy Review reported today. Judge Drain on Tuesday greeted the development that union officials had agreed to let members vote on a final labor offer as "good news." Hostess Chief Executive Gregory Rayburn last week said that the iconic maker of Wonder bread and Ho Hos will shut down its operations and sell off its brands, plants and other assets immediately if members of the two biggest unions do not ratify the new contracts.
