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Monday, April 11, 2011

Flowers Foods to purchase Tasty Baking

Flowers Foods Inc said it plans to buy Tasty Baking Co for about $4.00 a share in an all-cash deal that expands the bakery company's geographic reach. Flowers will pay about $165 million for Tasty Baking, including debt -- of around $90 million, according to Thomson Reuters data.

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