Flowers In Talks with Hostess, Roche Dumps Illumina: Mergers and Acquisitions Recap
Flowers Foods (NYSE:FLO): Current price $25.12
Knowledgeable sources say that Flowers Foods and Grupo Bimbo are in talks regarding the purchase of the bread unit of Hostess Brands, as the latter divests assets and liquidates. The sources also said that Hostess could specify these potential bidders as early as the coming week, in an imminent bankruptcy-court auction. The bread brands include Nature’s Pride, the iconic Wonder Bread, Home Pride, Merita and Butternut. Hostess is reportedly still deciding how to split up assets and package them for buyers.