Article updated: 11/17/2012 3:21 PM

Who will buy Hostess brands?

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Curtis Smout stands in line with a stack of Twinkies at the Hostess Thrift Shop in Ogden, Utah on Friday.

Associated Press

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"Hopefully, someone will buy the brands, and some of the brands can live on, but that's a pretty small consolation for people who are out of work," Chief Executive Officer Gregory F. Rayburn said.