Gift retailer 1-800-Flowers.com Inc said it would purchase Harry & David Holdings Inc, known for its gourmet food brands such as Wolferman's English muffins and Cushman's HoneyBells citrus products, for $142.5 million in cash. 1-800-Flowers.com said in a statement that Harry & David would operate as its wholly owned subsidiary after the acquisition, which is expected to close in October.
1-800-FLOWERS.COM, Inc. is florist and gift shop. Shares of FLWS remained unchanged at $5.15. In the past year, the shares have traded as low as $4.53 and as high as $6.00. On average, 97002 shares of FLWS exchange hands on a given day and today's volume is recorded at 14400.
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