Flowers Foods (FLO) has disclosed a new risk, in the Corporate Activity and Growth category.
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Flowers Foods faces uncertainty regarding its planned acquisition of Simple Mills, as the completion of the deal hinges on fulfilling certain customary closing conditions that are beyond the company’s control. The inability to meet these conditions could result in the termination of the acquisition, potentially impacting Flowers Foods’ strategic goals. Furthermore, the process may incur more time and cost than initially anticipated, adding financial strain and delaying potential benefits from the acquisition. Consequently, there is no guarantee that the acquisition will proceed as planned or at all.
Overall, Wall Street has a Hold consensus rating on FLO stock based on 1 Sell and 4 Holds.
To learn more about Flowers Foods’ risk factors, click here.
