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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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September 18, 2014
07:19 EDTBGSCredit Suisse to hold a conference
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September 9, 2014
10:10 EDTBGSOn the Fly: Analyst Downgrade Summary
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08:58 EDTBGSB&G Foods downgraded to Equal Weight from Overweight at Stephens
Price target is $31.

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