Statement of B&G Foods Regarding the Competition Bureau Challenge of Pending Sale of Green Giant Canada to Nortera
PARSIPPANY, N.J. — B&G Foods, Inc. (NYSE: BGS) today made the following statement regarding B&G Foods’ pending sale of Green Giant Canada to Nortera:
We are disappointed and disagree with the decision of the Competition Bureau (Canada) to ask the Competition Tribunal to block B&G Foods Canada’s proposed sale of the Green Giant and Le Sieur frozen and shelf-stable business in Canada to Nortera. While we acknowledge the Competition Bureau’s position, we believe the available evidence supports that this transaction is in the best interests of all interested stakeholders, including the Canadian consumer.
As part of this ongoing process, we remain in discussions with Nortera and we are evaluating multiple options, including potential legal, regulatory and operational alternatives. We are committed to pursuing alternatives that are in the best interests of all interested stakeholders, including our employees, stockholders, customers and Canadian consumers, while maintaining compliance with all applicable laws and regulations. We will provide further updates as developments arise.
A welcome email is on its way. If you don't see it, please check your junk folder.
Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including
, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on financialpost.com — the content belongs to Financial Post.