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Flowers Foods, Inc. Message Board

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  • RetiredPaperman RetiredPaperman Oct 1, 1999 10:24 PM Flag

    ML downgrade

    I'm not sure that either would be likely. My
    thinking is that a buyout of the reminder of KBL would be
    beyond FLO's financial capacity. They already have a
    very large amount of debt and buying the other 45%
    (probably at a neccessarily high premium) would simply over
    extend them.

    Selling Keebler to fund the purchase
    of other bakeries is probably more likely than the
    above scenario but in most situations like these the
    entrenched management doesn't want to do drastic things,
    especially when there is no crisis.

    Probably the most
    attractive option is to just continue down today's path and
    fix the pie business. Just my opinion.

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