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Flowers Foods Gets Fed OK For $360M Hostess Deal

Law360, Los Angeles (July 8, 2013, 8:30 PM EDT) -- Federal regulators have approved Flowers Foods Inc.'s $360 million acquisition of defunct snack icon Hostess Brands Inc.'s bread brands, including Wonder and Nature's Pride, as well as 20 bakeries and 36 depots, Flowers announced Monday.

Flowers said that it hopes to complete the transaction for the bulk of Hostess' bread business — which also includes Merita, Home Pride and Butternut — in the coming weeks.

The packaged bakery foods company said the regulatory approval was pursuant to the Hart-Scott-Rodino Act, under which parties must gain approval...
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