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January 11, 2013
18:37 EDTFLOFlowers Foods agrees to acquire $360M of Hostess assets
Flowers Foods announced it has signed two asset purchase agreements with Hostess Brands as the "stalking horse bidder" for certain Hostess assets. One of the agreements provides for the purchase by Flowers of the Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands; 20 bakeries; and approximately 38 depots for a purchase price of $360M. The other agreement provides for the purchase by Flowers of the Beefsteak brand for $30M. Based on the current bid price, Flowers Foods would expect the transactions to be accretive to earnings in 2013. Flowers Foods plans to finance the transactions through a mix of available cash on hand and debt.
News For FLO From The Last 14 Days
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May 28, 2015
07:02 EDTFLOFlowers Foods backs FY15 EPS 96c-$1.01, consensus 97c
Backs FY15 sales $3.79B-$3.86B, consensus $3.79B. Sees FY15 CapEx $85M-$95M.
07:01 EDTFLOFlowers Foods reports Q1 EPS 29c, consensus 30c
Reports Q1 revenue $1.15B, consensus $1.16B. Reports Q1 EBITDA $136M. Sales in expansion markets contributed 1.1% to overall sales change during the quarter.
06:08 EDTFLOFlowers Foods, others submit bids for Hostess, NY Post reports
According to sources, Flowers Foods (FLO), Grupo Bimbo, Post Foods and Aryzta AG all submitted nonbinding bids to buy Hostess (APO) for around $2B by yesterday's deadline, The New York Post reports. The sources say that "a few" private equity firms also submitted offers, "but do not seem very interested due to the competition from the strategic players," and many of the same firms bid last week for AdvancePierre Foods in a $2B auction. Reference Link
May 27, 2015
15:30 EDTFLONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Toronto-Dominion Bank (TD), consensus $1.11... Signet Jewelers (SIG), consensus $1.63... Flowers Foods (FLO), consensus 30c... Tech Data (TECD), consensus 71c... Sanderson Farms (SAFM), consensus $3.32... Express (EXPR), consensus 14c... Abercrombie & Fitch (ANF), consensus (34c)... Descartes Systems Group (DSGX), consensus 6c... JinkoSolar (JKS), consensus 40c... Fred's (FRED), consensus (1c)... Xcerra (XCRA), consensus 7c... Titan Machinery (TITN), consensus (22c).
14:47 EDTFLOFlowers Foods technical comments ahead of earnings
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