1-800-FLOWERS buying Harry & David for $142.5M

1-800-FLOWERS.COM Inc. is buying Harry & David for $142.5 million to help broaden the assortment of foods that its customers can choose as gifts. The deal includes Harry & David Holdings Inc.'s brands, websites, 47 retail stores, some plants, orchards and its headquarters in Medford, Oregon. Harry & David's fruit, food and other gifts are housed under brands including Wolferman's, Cushman's and its namesake. Products include Royal Riviera pears, Wolferman's specialty English muffins and Cushman's HoneyBells citrus gifts. 1-800-FLOWERS' brands already include Fannie May, Cheryl's and The Popcorn Factory. The transaction is expected to close in October. Shares of 1-800-FLOWERS, based in Carle Place, New York, jumped more than 12 percent in Tuesday premarket trading, according to AP.