Flowers Foods Inc. (FLO: Quote) announced after the close Friday that it signed two asset purchase agreements with Hostess Brands. One of the agreements provides for the purchase of the Wonder, Nature’s Pride, Merita, Home Pride and Butternut bread brands, while the other provides for the purchase of the Beefsteak brand.
Flowers Foods gapped up and spiked higher at the open Monday and is now up 1.17 at $26.00 in early trade. The stock is trading near the highs of the year.
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by RTT Staff Writer
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