Invesco Ltd. Acquires 458,082 Shares of B&G Foods, Inc. (NYSE:BGS)

Invesco Ltd., a global investment management firm, has announced that it has acquired 458,082 shares of B&G Foods, Inc. (NYSE: BGS) for $137.9 million. The acquisition represents approximately 6.7% of the outstanding common stock of B&G Foods.

B&G Foods is a leading producer and distributor of branded consumer food products in North America. The company operates through four segments: Snacks, Cereals, Meat & Poultry, and Beverages. Its brands include Pringles, Snyder's of Hanover, Pop-Tarts, and Tropicana Products.

Invesco Ltd. is a global investment management firm that provides investment products and services to individual and institutional investors worldwide. The company operates through three segments: Global Investment Management, Real Estate, and Trading.

The acquisition of B&G Foods by Invesco Ltd. is expected to provide the investment firm with exposure to the growing consumer food market in North America. B&G Foods has a strong brand portfolio and a diverse product line, which could help Invesco Ltd. to diversify its investment portfolio and reduce risk.

The acquisition was approved by the board of directors of both companies and is subject to certain customary closing conditions, including regulatory approval. The transaction is expected to close in the third quarter of 2021.