Sun Capital interested in buying Hostess Brands, Fortune reports Sun Capital Partners has interest in buying bankrupt bakery Hostess Brands, Fortune reports. The Fly notes that part of the strength in shares of Flowers Foods (FLO) today is being attributed to less competition following the Hostess Brands bankruptcy. An acquisition of the brand could reignite the rivalry between the two companies. Reference Link
Flowers Foods raises repurchase authorization by 7.1M shares Flowers Foods says its board increased the company's share repurchase authorization by 7.1M shares. At the close of the company's Q3, 7.9M shares remained under the existing authorization. With the board's action today, the current authorization increases to 15M shares.