B&G Foods Inc. (BGS) announced Monday morning that it has entered into an agreement to acquire Robert's American Gourmet Food LLC dba Pirate Brands from VMG Partners, Driven Capital Management, founder Robert Ehrlich and certain other entities and individuals, for approximately $195 million in cash.
B&G Foods rose steadily until around mid-morning Monday and finished with a gain of 1.99 at $31.17. The stock climbed to nearly a 3-week high and re-crossed both its 50 and 200-day moving averages.
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March 06, 2026 13:56 ET The week saw a drastic escalation of the war in the Middle East that raised concerns over the effect on crude oil prices and global trade. In economic news, survey data threw light on the trends in the U.S. private sector and labor market. Euro area inflation data and house price survey results in the U.K. were the highlights in Europe. In Asia, China setting its growth target for the year attracted attention.