In other words, this was all a big kabuki play to allow the owners to move the company to Mexico (by letting the brands get bought). American workers lose jobs and we get to blame them for their greed. Americans start getting even lower quality Twinkies. And a small group of people get to walk away with a huge bag of cash.
<- - - OWS is that way
Bimbo, likely doesn't have the unions in a position to dictate the profits they make. This allows them to consume break companies (like Mrs. Bairds) and stock local grocery stores with a quality product, at a reasonable price.
If this goes through, I foresee no drop in either availability or quality of the Twinkie product. It will very likely be made at the same bakeries, on the same equipment, with the same ingredients, hauled on the same trucks and will be delivered to your store at the same price. Just now, the profits and business plans will be managed by Bimbo, rather than some union thugs.