Tasty Baking Co : * Flowers foods and Tasty Baking Company announce all cash merger agreement * Says deal for $165 million * Deal for $4.00 per share in cash * Says Flowers intends to fund the transaction through cash-on-hand and creditfacilities * Says deal value assumes tasty's existing indebtedness * Flower foods says transaction to be neutral to slightly accretive to 2011EPS, excluding one-time costs of the transaction * Flower foods says there is no financing condition to the offer, board ofdirectors of both cos approve deal * Flowers foods-in 2012 sees Tasty contributing about $210-$225 million to sales,deal to be accretive by about $.06-$.09/diluted share
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