Statement of B&G Foods Regarding the Competition Bureau Challenge of Pending Sale of Green Giant Canada to Nortera
B&G Foods issued a statement responding to the Competition Bureau of Canada's request that the Competition Tribunal block the company's proposed sale of its Green Giant and Le Sieur frozen and shelf-stable business in Canada to Nortera. B&G Foods said it is disappointed and disagrees with the decision, though it acknowledges the Bureau's position.
Why it matters — A BGS watcher would care because the Canadian regulator's challenge puts a pending divestment of B&G Foods' Green Giant Canada business at risk.