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Flowers Foods to buy Lepage Bakeries for $370 mln
May 31, 2012 / 11:42 AM / 5 years ago

Flowers Foods to buy Lepage Bakeries for $370 mln

May 31 (Reuters) - Flowers Foods Inc on Thursday said it will buy Lepage Bakeries Inc for about $370 million in cash and stock to expand its bakery products portfolio.

The deal will add about 3 cents to 5 cents per share to Flower Foods’ earnings in 2012 and about 8 cents to 12 cents per share in 2013, Flowers Foods said.

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