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News Breaks | | | | January 27, 2013 | | 13:21 EDT |  | FLO, APO | McKee Foods to bid on Hostess's Drake's brand, WSJ says
Maker of Little Debbie snack cakes, McKee Foods, is offering $25M to $30M for Hostess's Drake's brand, which made Devil Dogs, Ring Dings and Yodels before Hostess began liquidating in bankruptcy, says the Wall Street Journal, citing people familiar with the negotiations. Flowers Foods (FLO) has a bid in for five major Hostess bread brands and private equity, including a team compromising the firms Apollo Global Management (APO) and and C. Dean Metropoulos & Co are contending to bid on Hostess' main cake business adds the Wall Street Journal. Reference Link | |
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News For FLO;APO From The Last 14 Days Check below for free stories on FLO;APO the last two weeks. |
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| May 22, 2013 | | 10:42 EDT |  | FLO | Flowers Foods announces 3-for-2 stock split, raises annual dividend by 3.5c
 Subscribe for More Information | | | May 20, 2013 | | 07:10 EDT | | APO | NY State investigates firms' investments that back fixed annuities, WSJ reports
Subscribe for More Information | | | 06:09 EDT | | APO | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The New York Department of Financial Services yesterday sent subpoenas to Apollo Global Management (APO), Guggenheim Partners and Harbinger Group (HRG) as part of an investigation seeking more information on investments that back so-called fixed annuities, sources say, the Wall Street Journal reports...As Home Depot (HD) and Lowe’s (LOW) report fiscal Q1 results this week, the reconstruction phase from last year's superstorm Sandy will be looming large as cooler-than-normal temperatures delay spring selling, the Wall Street Journal reports...REUTERS: Danone Group (DANOY) will invest $417M in two deals with China Mengniu Dairy Co., marking a comeback for the French group in China where scandals have hurt confidence in food safety, Reuters reports...The Nikkei share average surged to a new 5 1/2 year high today, boosted by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months, Reuters reports...BLOOMBERG: The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades, Bloomberg reports...As JPMorgan Chase’s (JPM) Jamie Dimon prepares for a vote Tuesday on whether he should keep his chairman and CEO titles, he may take comfort knowing that seven of the bank’s 10 largest owners are run by CEOs who are also chairmen, Bloomberg reports. | | | May 16, 2013 | | 09:56 EDT | | FLO | Flowers Foods sees regulatory process for Hostess purchase complete in 2H
Flowers Foods said its proposed acquisition of Hostess assets is currently undergoing regulatory review and the company expects that process will be completed in the second half of the year. Flowers sees completing its roll-out of new Sara Lee business in California in early June and notes, when done, more than 77% of the U.S. population will have access to Flowers fresh baked products. Repeats unable to give full year guidance as of now due to Hostess transaction still being under regulatory review, but CEO George Deese said, "I can tell you that I believe it will be a record year and that it will meet or exceed our long-term objectives." Says forecast for FY13 input costs is still to be up approximately 3%-5% on a volume neutral basis year-over-year. Comments from Q1 earnings conference call. | | | 09:19 EDT | | FLO | On The Fly: Pre-market Movers
Subscribe for More Information | | | 06:34 EDT | | FLO | Flowers Foods sees operating earnings 'strong' in Q2, delays FY13 view
R. Steve Kinsey, executive vice president and CFO, said, "We continue to be very optimistic about the outlook for FY13 and, in Q2, we are continuing to see very good sales growth. Q2 operating earnings also are expected to be strong, although we are experiencing start-up costs related to the integration of the Sara Lee business in California. Given that the Hostess transaction is currently under regulatory review, we are delaying FY13 guidance until the review is completed." | | | 06:32 EDT |  | FLO | Flowers Foods reports Q1 EPS ex-items 46c, consensus 42c
Subscribe for More Information | | | May 15, 2013 | | 15:11 EDT | | FLO | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.15; Kohl's (KSS), consensus 58c; Flowers Foods (FLO), consensus 42c; Brady Corp. (BRC), consensus 60c; Prestige Brands (PBH), consensus 35c. | | | 07:11 EDT | | APO | Some buyout firms move beyond buyouts, WSJ reports
Subscribe for More Information | | | 06:08 EDT | | APO | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | | May 13, 2013 | | 10:09 EDT |  | APO | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 06:45 EDT |  | APO | Apollo Global coverage assumed with a Buy at UBS
Subscribe for More Information | | | 05:38 EDT | | APO | Apollo Global upgraded to Outperform from Market Perform at Keefe Bruyette
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