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Stock Market & Financial Investment News

News Breaks
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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November 21, 2014
10:14 EDTFLOFlowers 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.
10:13 EDTFLOFlowers Foods raises annual dividend rate to 53c from 48c
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November 14, 2014
11:35 EDTFLOFlowers Foods management to meet with SunTrust
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November 12, 2014
09:21 EDTFLOOn The Fly: Pre-market Movers
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06:34 EDTFLOFlowers Foods lowers FY14 EPS view to 86c-90c from 92c-98c, consensus 93c
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06:32 EDTFLOFlowers Foods reports Q3 adjusted EPS 21c, consensus 20c
Reports Q3 revenue $849.4M, consensus $881.61M.
November 11, 2014
15:25 EDTFLONotable companies reporting before tomorrow's open
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