Flowers Foods (FLO) Declares $0.145 Quarterly Dividend; 2.4% Yield
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Flowers Foods (FLO) Ratings Affirmed by Fitch Following Move to Acquire Dave's Killer Bread
August 17, 2015 12:39 PM EDTFitch Ratings has affirmed the long-term Issuer Default Rating (IDR) at 'BBB' for Flowers Foods (NYSE: FLO) (Flowers) upon its recent announcement that it will acquire Dave's Killer Bread (DKB) primarily with debt for $275 million. The Rating Outlook is Stable. A full list of ratings follows at the end of this release.
KEY RATING DRIVERS
DKB Acquisition Opens New Category:
The purchase of DKB, a private-held company specializing in the manufacture of organic bread, would expand Flowers' category offering into fast-growing organic bread products as well as increasing its reach into the... More
