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Flowers Foods Signs Agreements to Acquire Certain Hostess Bread Brands and Bakeries
date:Jan 14, 2013
Flowers Foods, Inc. announced it has signed two asset purchase agreements with Hostess Brands, Inc. as the stalking horse bidder for certain Hostess assets. One of the agreements provides for the purchase by Flowers of the Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands; 20 bakeries; and approximately 38 depots for a purchase price of $360 million. The other agreement provides for the purchase by Flowers of the Beefsteak brand for $30 million.

The transactions are subject

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