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07.04.2014 18:05:00
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B&G Foods, Inc. -- Moody's: B&G Foods Agreement to Acquire Specialty Brands of America is a Credit Negative; Ratings Unaffected
New York, April 07, 2014 -- B&G Foods, Inc.'s (B&G) announcement that it has entered into an agreement to acquire Specialty Brands of America, Inc. for approximately $155 million in a largely debt-financed transaction is a credit negative, but it does not immediately impact the company's Ba3 Corporate Family Rating (CFR) or stable rating outlook.
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