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Stock Market & Financial Investment News

News Breaks
April 3, 2014
16:20 EDTBGSB&G Foods acquires Specialty Brands of America for $155M
B&G Foods announced that it has entered into an agreement to acquire Specialty Brands of America and related entities for approximately $155M in cash, subject to certain closing and post-closing adjustments. B&G Foods projects that following the acquisition, Specialty Brands will generate on an annualized basis after being fully integrated into B&G Foods net sales of approximately $85M and adjusted EBITDA of approximately $20M. B&G Foods intends to fund the acquisition with cash on hand and borrowings under its existing revolving credit facility. B&G Foods expects the acquisition to close during Q2 or Q3, subject to regulatory approval and the satisfaction of customary closing conditions. B&G Foods expects the deal to be immediately accretive to EPS and free cash flow.
News For BGS From The Last 14 Days
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October 21, 2014
16:05 EDTBGSB&G Foods backs FY14 EPS view $1.54-$1.60, consensus $1.56
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16:04 EDTBGSB&G Foods reports Q3 adjusted EPS 38c, consensus 40c
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October 16, 2014
07:19 EDTBGSB&G Foods poised to rebound in 2H14, says RBC Capital
RBC Capital expects B&G's Q3 results to show reduced promotion spending and improving margins. The firm is also upbeat about the company's new CEO and keeps a $36 price target and Outperform rating on the shares.
October 15, 2014
16:02 EDTBGSB&G Foods names Bob Cantwell as next president, CEO
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