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B&G Foods announces IPO of common stock

May 9, 2007
BGS

B&G Foods, which manufactures and distributes a portfolio of shelf-stable food products, announced on Wednesday that it would offer 13.9 million shares of common stock at a price between $12.00 and $14.00. These shares have been approved to trade on the NYSE under the ticker "BGS." B&G also has Enhanced Income Securities (EISs) trading on the AMEX, each of which represents one share of common stock and $7.15 principal amount in its 12% senior subordinated notes. However, this will be the first time the common stock trades as a separate security. Credit Suisse and Lehman Brothers are the bookrunners on the deal.