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Market Likes B&G Foods Acquisition From General Mills - Should You?
2015-09-12 08:17:26| Agriculture - Topix.net
Last week General Mills announced that it had agreed to sell its Green Giant brand of frozen and canned foods to B&G Foods for $765 million. The market has certainly endorsed this transaction as extremely favorable to B&G, sending its shares from $30.45 the day prior to the announcement to $34.00 on Thursday and further up to $36.17 on Friday while General Mills initially moved up from $56.82 to $57.61 on Thursday before closing at $56.59 on Friday.
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Category:Agriculture and Forestry
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