date:Mar 04, 2013
unced two agreements with Hostess to be the stalking horse bidder for certain Hostess bread bakeries and brands in January 2013.
Under the agreement, Flowers will pay $360m to acquire the Wonder, Butternut, Home Pride, Merita and Nature's Pride brands, in addition to 20 bakeries and 38 depots. However, Flowers's $30m bid for Hostess's Beefsteak brand was defeated by another bidder.
Following the latest acquisition deal with Flowers Foods, Hostess will continue to negotiate with potential buyer