B&G Foods Inc (BGS)

[FUNMAN]

B&G Foods launch 7.5M shares in ATM equity offering • 8:29 AM

B&G Foods (NYSE:BGS) intends to offer and sell up to 7.5M shares in an at-the-market ATM equity offering program.

Net proceeds to be used for general corporate purposes, which could include, among other things, repayment, refinancing, redemption or repurchase of long-term debt or possible acquisitions.

Shares trading 0.5% down premarket




I assume they'll refinance something and make a small acquisition.

I wish they were better at growing organically. Then the PPS would take off.