B&G to buy General Mills' Green Giant frozen foods business
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RBC Capital Raises Price Target on B&G Foods (BGS) to $43 Following Green Giant Acquisition
September 4, 2015 8:24 AM EDTRBC Capital reiterated an Outperform rating on B&G Foods (NYSE: BGS), and raised the price target to $43.00 (from $36.00), following announced acquisition of Green Giant. Analyst David Palmer said that with the deal, B&G's FY16e EPS rises 27% even with the assumption that it raises... More
Piper Jaffray Remains Neutral on B&G Foods (BGS) Following Announced Acquisition of Green Giant
September 3, 2015 1:05 PM EDTPiper Jaffray reiterated a Neutral rating and $31.00 price target on B&G Foods (NYSE: BGS) following the announced acquisition of Green Giant from
General Mills for $765M. This deal drastically changes the makeup of B&G's sales and earnings, with frozen vegetables now representing 25% of... More
B&G Foods (BGS) Ratings Placed on CreditWatch Negative by S&P
September 3, 2015 12:31 PM EDTStandard & Poor's Ratings Services placed all of its ratings, including its 'BB-' corporate credit rating, on B&G Foods (NYSE: BGS) on CreditWatch with negative implications.
We estimate that B&G had roughly $1 billion in adjusted debt outstanding as of July 4, 2015.
The... More
