B&G Foods announced an acquisition to expand its cooking-essentials lineup; deal terms were not disclosed. Management says the purchase is intended to boost earnings and cash flow and sharpen the company's focus on shelf-stable products, a strategic move likely to modestly improve near-term fundamentals and be viewed positively by investors.
B&G Foods announced an acquisition to expand its cooking-essentials lineup; deal terms were not disclosed. Management says the purchase is intended to boost earnings and cash flow and sharpen the company's focus on shelf-stable products, a strategic move likely to modestly improve near-term fundamentals and be viewed positively by investors.
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moderately positive
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0.45
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