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B&G Foods (BGS) shares fell 2.6% after the company and Nortera Foods terminated their asset purchase agreement for Green Giant Canada due to a failure to receive regulatory approval.
B&G Foods Inc and Nortera have terminated their asset purchase agreement for Green Giant Canada because regulatory approval was not obtained and closing conditions were not satisfied. B&G Foods will continue to own and operate Green Giant Canada, with Nortera continuing as its primary co-manufacturer.
B&G Foods, Inc. and Nortera Foods announced the termination of their asset purchase agreement for Green Giant Canada, which was originally agreed upon in October 2025. The termination was effective October 5, 2026.
B&G Foods and Nortera terminated an asset purchase agreement for Green Giant Canada after failing to obtain regulatory approval by the deadline. B&G Foods will continue to own and operate Green Giant Canada.