Tasty Baking (TSTY), the maker of Tastykakes, said it is looking at options including a merger or sale as the company feels the pressure from declining sales.
The company is also facing “unanticipated operational challenges” related to its bakery in Philadelphia’s Navy Yard, CEO Charles Pizzi said, according to The Associated Press. The company has now lowered projected savings in the fourth…
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TastyKake Maker Considering Merger or Sale originally appeared on DailyFinance on Thu, 06 Jan 2011 08:44:00.
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