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Stock Market & Financial Investment News

News Breaks
January 11, 2013
19:04 EDTFLOHostess selects Flowers Foods as stalking horse bidder for assets
Hostess Brands announced that the company has selected Flowers Foods (FLO) as the stalking horse bidder for the majority of the assets related to the company's bread business, including the Butternut, Home Pride, Merita, Nature's Pride and Wonder brands. The agreement includes, in addition to the brands, 20 bakeries, 38 depots and other assets. The purchase price consists of $355M in cash, increased to $360M if certain license rights are included in the sale. The company's remaining bread brands, as well as its snack cake business, will be sold separately. Hostess has also selected Flowers as the stalking horse bidder for the company's Beefsteak bread brand. The purchase price consists of $30M in cash for the brand. The transaction does not include facilities or additional assets.
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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