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News Breaks | | | | January 11, 2013 | | 19:06 EDT |  | FLO | Hostes asks bankruptcy court for Feb 28 auction, Jan 25 hearing scheduled
Hostess has requested that the U.S. Bankruptcy Court for the Southern District of New York authorize the company to proceed with an auction with the two Flowers (FLO) proposals as the stalking horse bids, provided the company receives additional qualified bids. If approved, the stalking horse bids will serve as the opening bids in the auction. The final sales will be made to the highest and best bidders at the auction, subject to court approval. Hostess has asked the court to order that the auction take place on February 28 and that a court hearing to authorize the sale to the highest or otherwise best bidders commence on March 5. The schedule and the Flowers proposals are subject to court approval. A hearing to consider approval of the bid procedures motions is scheduled for January 25. | |
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News For FLO From The Last 14 Days Check below for free stories on FLO the last two weeks. |
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| 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. | |
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