B&G Foods Files Universal Shelf Registration Statement
July 02 2009 - 4:22PM
Business Wire
B&G Foods, Inc. (NYSE: BGS, BGF), a manufacturer and
distributor of high quality, shelf-stable foods, announced today
that it has filed a universal shelf registration statement on Form
S-3 with the Securities and Exchange Commission. Upon being
declared effective by the SEC, the shelf registration will allow
the Company the flexibility to offer and sell from time to time up
to $600�million of common stock, preferred stock, debt securities,
warrants, enhanced income securities or any combination thereof in
one or more future public offerings. The actual amount and type of
securities, or combination of securities, and the terms of those
securities, will be determined at the time of sale, if such sale
occurs. When a particular series of securities is offered, the
prospectus supplement relating to that offering will set forth
B&G Foods� intended use of the net proceeds received from the
sale of those securities.
David L. Wenner, Chief Executive Officer of B&G Foods
stated, �We have filed a universal shelf registration statement
because it is a practical and efficient way to access the public
markets. Although we currently have no specific plans to issue
securities, filing the shelf registration statement is consistent
with our announced acquisition and growth strategy and positions us
to move quickly to take advantage of acquisition, financing and
other business opportunities when and if such opportunities
arise.�
The registration statement related to these securities has not
yet become effective. Such securities may not be sold nor may
offers to buy be accepted before the time the registration
statement becomes effective, nor may sales be effected in the
absence of a definitive prospectus and a prospectus supplement
setting forth the terms and conditions of any specific offering of
securities.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to any registration or qualification
under the securities laws of such jurisdiction. At the time any
securities covered by the registration statement are offered for
sale, a prospectus supplement will be provided containing specific
information about the terms of any such offering.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute �forward-looking statements.�
Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors that could cause the actual
results of B&G Foods to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements. In addition to statements that
explicitly describe such risks and uncertainties readers are urged
to consider statements labeled with the terms �believes,� �belief,�
�expects,� �intends,� �anticipates� or �plans� to be uncertain and
forward-looking. The forward-looking statements contained herein
are also subject generally to other risks and uncertainties that
are described from time to time in B&G Foods� filings with the
Securities and Exchange Commission.
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and
distribute a diversified portfolio of high-quality, shelf-stable
foods across the United States, Canada and Puerto Rico. B&G
Foods� products include hot�cereals, fruit spreads, canned meats
and beans, spices, seasonings, marinades, hot sauces, wine vinegar,
maple syrup, molasses, salad dressings, Mexican-style sauces, taco
shells and kits, salsas, pickles, peppers and other specialty food
products. B&G Foods competes in the retail grocery, food
service, specialty, private label, club and mass merchandiser
channels of distribution. Based in Parsippany, New Jersey, B&G
Foods� products are marketed under many recognized brands,
including Ac�cent, B&G, B&M, Brer Rabbit, Cream of Rice,
Cream of Wheat, Emeril�s, Grandma�s Molasses, Joan�of Arc, Las
Palmas, Maple Grove Farms of Vermont, Ortega, Polaner, Red Devil,
Regina, Sa-s�n, Trappey�s, Underwood, Vermont�Maid and
Wright�s.
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