date:Mar 21, 2013
king horse bid announced Jan. 11, Flowers would have paid $350 million in cash (up to $360 million if certain license rights were included in the sale).
The acquisition by affiliates of Grupo Bimbo, S.A.B. de C.V., Mexico City, which agreed to pay $31.9 million for the Beefsteak bread brand. Flowers Foods originally was selected as a stalking horse bidder for the Beefsteak brand in a transaction that would have carried a purchase price of $30 million.
Hostess Brands previously employed worke