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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.030+2.5%Oct 31 9:30 AM EST
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From: E_K_S2/19/2020 6:31:45 PM
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richardred

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B&G Foods buys Veggie Fries parent
Feb. 19, 2020 5:51 PM ET|About: B&G Foods, Inc. (BGS)|By: Clark Schultz, SA News Editor

B&G Foods (NYSE: BGS) acquires Farmwise LLC for an undisclosed amount.

Farmwise operates the Veggie Fries, Veggie Tots and Veggie Rings brands.

The company expects to introduce new Green Giant Frozen items based off the products developed by Farmwise.

B&G Foods says it funded the acquisition with cash on hand.

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Link to Farmwise web site

Notice BGS did not say acquisition would be accretive. So need to see if dividend is cut to help finance aqusition.



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