Tasty Baking (TSTY) skyrockets +146% in premarket trading after it signs a definitive agreement...

|By:, SA News Editor

Tasty Baking (TSTY) skyrockets +146% in premarket trading after it signs a definitive agreement to be acquired by Flowers Foods (FLO) for ~$165M, or $4/share. Flowers says the deal will expand its geographic reach, bring in new customers and broaden its snack product line. (PR)