ISEQ buoyed by baked goods deal

The ISEQ index of Irish shares was in bullish form this afternoon following news that food group IWAS is to spend a whopping €449m on US baked goods company Otis Spunkmeyer Holdings.

IWAS shares instantly shot up by 80c making them €15.85 each by close today as the company announced the signing for the agreement officially acquiring the American specialty baked goods company.