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Slide #97. Flowers Foods, Inc. — Sara Lee And Earthgrains Assets In California And Earthgrains Assets In Oklahoma City
Acquirer:
Flowers Foods, Inc. (NYSE:FLO)
Acquiree:
Sara Lee And Earthgrains Assets In California And Earthgrains Assets In Oklahoma City
Details:
Flowers Foods, Inc. announced that the United States Department of Justice has approved an agreement under which Flowers will acquire certain assets and trademark licenses from BBU, Inc., a subsidiary of Grupo Bimbo S.A. B. de C.V. The financial terms of the transactions were not disclosed.
Flowers Foods is a producer and marketer of packaged bakery foods. Co.'s principal products include breads, buns, rolls, snack cakes, and tortillas and are sold under a variety of brand names, including Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and Mrs. Freshley's. Co. also supplies national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries with breads and rolls; sells packaged bakery products to wholesale distributors for sale to a variety of food outlets; and sells packaged snack cakes to customers who distribute them nationwide through mass merchandisers, supermarkets, vending outlets and convenience stores.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: FLO Stock Forecast Based on Zacks ABR data; powered by Xignite |