Brower Piven Announces an Investigation of the Acquisition of Tasty Baking Company by Flowers Foods, Inc.

The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Tasty Baking Company (“Tasty”) (NasdaqGM: TSTY) and other violations of state law by the Board of Directors of Tasty relating to the proposed acquisition of the company by Flowers Foods, Inc. (“Flowers”) (NYSE: FLO). The firm’s investigation seeks to determine whether Tasty and its Board breached their fiduciary duties by, among other things, failing to maximize shareholder value.

On April 11, 2011, Flowers and Tasty jointly announced that they have entered into a definitive merger agreement for Tasty to be acquired by Flowers. Under the terms of the agreement, Flowers will commence a tender offer to acquire all of the outstanding shares of Tasty common stock for $4.00 per share, a total purchase price of approximately $165 million, including Tasty's existing indebtedness. However, analyst targets have been as high as $14.00 per share. The transaction is expected to close during the second quarter of 2011 and is subject to customary closing conditions and approvals, as well as a majority of the outstanding shares of Tasty common stock being validly tendered and not withdrawn in the tender offer. The agreement has been unanimously approved by the Boards of Directors of both companies.

If you currently own shares of Tasty and would like to learn more about the investigation being conducted by Brower Piven, you may e-mail or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

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