date:Jan 16, 2013
As the stalking horse bidder and likely buyer of the majority of the bread assets of Hostess Brands Inc., Thomasville, Ga.-based Flowers Foods, Inc. would pay $355 million in cash (up to $360 million if certain license rights are included in the sale) for the companys brands, 20 baking plants, 38 depots and other assets.
In a Jan. 11 document filed with the U.S. Bankruptcy Court for the Southern District of New York, Hostess said the 20 plants to be acquired are located in 17 states in the foll