Blog Archives

Flowers Wins Hostess Bid

Filed under:

On Thursday, Flowers Foods confirmed that the $360 million “stalking horse” bid it entered for Hostess bread brands WonderNature’s PrideMeritaHome Pride, and Butternut, along with 20 bakeries to bake them in, and approximately 38 supply depots, has in fact become the winning bid in Hostess Brands’ bankruptcy proceedings.

Because no higher bids were placed, the bankruptcy court called off the auction that was to have taken place February 28. The court now plans to review Flowers’ bid at a hearing scheduled to take place March 19. After that, the company expects to finalize its purchase over the next several months.

The only brand for which Flowers placed a stalking horse bid but did not win was the Beefsteak bread brand, and Flowers confirmed that it has elected not to increase its bid. The name of the bidder who will now likely take control of that brand was not disclosed.

Flowers shares closed at $28.18 in Thursday trading, down 0.5%, ahead of the news.

The article Flowers Wins Hostess Bid originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Flowers Foods. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Posted in Executive Prospectus, Financial Prospectus Tagged with:

Most of Us Want the Post Office to Kill Saturday Delivery? Really?

Filed under: U.S. Government, Government Spending, Junk Mail and TelemarketingAccording to U.S. Postmaster General Patrick Donahoe, 7 out of every 10 Americans polled say they like the idea of the U.S. Postal Service eliminating Saturday mail delivery …

Posted in Executive Prospectus, Financial Prospectus Tagged with: , , , , , , , , , , , , , , , , , , , , , , ,

Will Super Bowl Ads Deliver Super Investing Ideas? Tune In!

Filed under: Advertising, Sports, Stock MarketsIt’s getting close to kickoff time for Super Bowl XLVII, and to many viewers, the best part of the Big Game isn’t the kicking, throwing, and carrying (and fumbling) of the pigskin. It’s the commercials.

Y…

Posted in Executive Prospectus, Financial Prospectus Tagged with: , , , , , , ,

Why Your Insurance Premiums Just Went Up (and What to Do About It)

Filed under: Insurance Industry, Auto Insurance, Health Insurance, Homeowners Insurance, Life Insurance
Have you noticed that your insurance premiums are going up lately? Going up a lot?

You’re not alone. According to a new report out from Bankrate…

Posted in Executive Prospectus, Financial Prospectus Tagged with: , , , , , , , , , , , , , , , ,

Fed’s Texas Chief Says Break Up the ‘Too Big to Fail’ Banks: Here’s Why He’s Right

Filed under: Banks, Financial Services, Consumer ProtectionWhen the financial crisis hit in 2008 and America’s banks were teetering on the brink, the U.S. government made a controversial decision: Some of these banks — Bank of America (BAC), Citigroup…

Posted in Executive Prospectus, Financial Prospectus, Wall Street Tagged with: , , , , , , , , , , , , , , , , , , , ,