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B&G Foods (BGS) to Acquire ACH Food Companies Spice Business for ~$365M

Go back to B&G Foods (BGS) to Acquire ACH Food Companies Spice Business for ~$365M

RBC Capital Raises Price Target on B&G Foods (BGS) Following Announced Acquisition

September 23, 2016 6:58 AM EDT

RBC Capital reiterated an Outperform rating on B&G Foods (NYSE: BGS), and raised the price target to $57.00 (from $52.00), following the company's announced acquisition of the spices business of ACH Food Companies. The acquisition price equates to approximately 9.4x EBITDA before synergies and... More