Towards the end of Q1, B&G Foods (NYSE:BGS) had a secondary offering, issuing 4.6 million shares at $33.55 and raised a net of approximately $152 million after fees and expenses. This
offering was the result of the company's 2015 Green Giant brands acquisition, an acquisition that had been expected to take the company's leverage up to 5.6x, and had been discussed months earlier. The only unknowns were the precise timing and the amount. Tom Crimmins, B&G CFO, had given the following information with respect to that pending acquisition:
