HARRISBURG, Pa. (AP) — Gov. Ed Rendell says Pennsylvania is prepared to offer the financially troubled manufacturer of snack foods line Tastykakes a $1 million loan.
Rendell said at a news conference Tuesday that Philadelphia-based Tasty Baking Co. hasn't yet taken him up on the offer because it's a portion of what they will need.
The company announced last week that several factors led it to consider its options, including a potential merger or sale.
Its statement said the company "is currently experiencing extremely tight liquidity."