Flower Foods (FLO) has agreed to become the "stalking horse" bidder for most of the assets of...

|By:, SA News Editor

Flower Foods (FLO) has agreed to become the "stalking horse" bidder for most of the assets of Hostess Brands' bread operations. Flower has offered up to $360M for names such as Wonder, Butternut and Home Pride, as well as 20 bakeries and 38 depots. In a separate bid, the company has offered $30M for Hostess' Beefsteak bread brand. (PR)