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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:52 EDTFLOHostess selects stalking horse bidders for Drake's, additional bread brands
Hostess Brands announced that the company has selected two stalking horse bidders for its Drake's snack cake brand and for its Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's bread brands. The combined purchase price under the two stalking horse bids is approximately $56.35M. Under the first stalking horse agreement, McKee Foods Corporation has agreed to pay $27.5M for the Drake's brand and certain equipment. Under the second stalking horse agreement, United States Bakery has agreed to pay $28.85M for the Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's bread brands, four bakeries, and 14 depots, plus certain equipment. As previously announced, Flowers Foods (FLO) was selected as the stalking horse bidder for the majority of the assets related to Hostess's bread business for a purchase price consists of $355M in cash which will be increased to $360M if certain license rights are included in the sale. 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 company will hold an auction for the majority of the bread business on February 28.
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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