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News Breaks | | | | March 4, 2013 | | 07:02 EDT |  | BGS | B&G Foods weakness creates buying opportunity, says Piper Jaffray
Piper Jaffray believes that B&G's recent weakness has created an opportunity for small and mid cap investors. The firm thinks the company remains well-positioned to execute an immediately accretive acquisition in the coming quarters and it maintains an Overweight rating on the shares. | |
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News For BGS From The Last 14 Days Check below for free stories on BGS the last two weeks. |
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| June 10, 2013 | | 08:25 EDT |  | BGS | B&G Foods to host conference call
 Subscribe for More Information | | | 08:03 EDT |  | BGS | B&G Foods to acquire Pirate Brands for $195M
B&G Foods announced that it has entered into an agreement to acquire Robert’s American Gourmet Food, LLC dba Pirate Brands, a leader in the all-natural snack foods category, from VMG Partners, Driven Capital Management, founder Robert Ehrlich and certain other entities and individuals, for approximately $195M in cash. B&G Foods projects that following the acquisition, Pirate Brands will generate net sales of $80M-$90M and adjusted EBITDA of $18M-$20M on an annualized basis after the business is fully integrated into B&G Foods. B&G Foods intends to fund the acquisition with the remaining net proceeds of its recently completed senior notes offering and additional revolving credit borrowings under its credit agreement. B&G Foods expects the acquisition to close in July, subject to regulatory approval and the satisfaction of customary closing conditions. | |
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