Market Overview

B&G Foods Announces 3.6M Share Offering of Common Stock

B&G Foods (NYSE: BGS) announced today its intention to offer,
subject to market and other conditions, 3,629,165 shares of its common
stock, pursuant to an effective shelf registration statement previously
filed with the Securities and Exchange Commission. In connection with
the offering, B&G Foods expects to grant the underwriters an option for
a period of 30 days to purchase up to an additional 544,375 shares of
common stock.

B&G Foods expects to use the net proceeds of the offering for general
corporate purposes, which may include among other things, the payment of
all or a portion of the purchase price and related transaction costs for
the recently announced acquisition of the New York Style and Old

See full press release

Posted-In: News Guidance Management

 

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