S&P: Otis Spunkmeyer unchanged

Standard & Poor's said its ratings and outlook on Otis Spunkmeyer Inc. (B+/stable) are not affected by the company's announcement that it acquired Van-Merkel Inc., doing business as Chippery.

The agency said the combined sales of Otis Spunkmeyer and Chippery are expected to be about $425 million.

The purchase price was not disclosed, however, the transaction will be funded with Otis Spunkmeyer's $190.5 million credit facility, S&P added.

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