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Flowers Foods (NYSE:FLO) Current Price $26.71
Late Friday, Flowers signed two asset purchase agreements with Hostess Brands as the “stalking horse bidder” for certain Hostess assets. One accord sets up the acquisition by Flowers of the Merita, Wonder, Nature’s Pride, Home Pride and Butternut bread brands, 20 bakeries, and about 38 depots for the price of $360 million. The other agreement allows the purchase of the Beefsteak brand for $30 million.
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