Brief: Flowers Foods Inc - On August 29, Entered Into Binding Settlement Term Sheet

Flowers Foods

01/09/2023 11:47

Sept 1 (Reuters) - Flowers Foods Inc  FLO.N :
    * FLOWERS FOODS INC - ON AUGUST 29, ENTERED INTO BINDING
SETTLEMENT TERM SHEET
    * FLOWERS FOODS- EXPECTS TO RECORD THE SETTLEMENT AMOUNT AS
AN
EXPENSE FOR THE QUARTER ENDING OCTOBER 7, 2023
    * FLOWERS FOODS- EXPECTS TO PAY SETTLEMENT AMOUNT FROM
EXISTING
CASH AND CASH EQUIVALENTS ONCE APPROVED BY THE COURT
    * FLOWERS FOODS: TERM SHEET TO RESOLVE CLASS ACTION
LITIGATION
CAPTIONED LUDLOW ET AL. V. FLOWERS FOODS, FLOWERS BAKERIES, LLC,
FLOWERS FINANCE, LLC
    * FLOWERS FOODS-  AS OF AUGUST 29, 2023, COMPANY ESTIMATED
REPURCHASE COST TO BE ABOUT $50 MILLION, NET OF OUTSTANDING
NOTES

Source text for Eikon:  ID: 
Further company coverage:  FLO.N