B&G Foods: terminates sale of Green Giant Canada, receives $1,600,000

What happened

• The filing says that on Oct 6, 2026 B&G Foods issued a press release announcing that on Oct 5, 2026 B&G Foods and Nortera Foods mutually terminated the previously announced agreement to sell the Green Giant and Le Sieur frozen and shelf-stable vegetable product lines in Canada to Nortera Foods.
• The filing says the parties terminated because regulatory approval under Canada’s Competition Act had not been obtained by the outside date of Sep 24, 2026, so the conditions to closing were not satisfied.

Key details

• The asset purchase agreement was terminated effective Oct 5, 2026.
• Nortera Foods will pay B&G Foods US$1,600,000, consisting of a contractually required termination fee and reimbursement of a portion of B&G Foods’ legal expenses.
• B&G Foods will continue to own and operate Green Giant Canada. Nortera Foods will continue to serve as the primary co-manufacturer for Green Giant Canada.
• B&G Foods intends to continue evaluating strategic and operational alternatives for Green Giant Canada, including potential sale transactions, strategic partnerships or other opportunities.

Why it may matter

• Item 8.01 (Other events) was reported; this item covers the termination of the previously announced asset purchase agreement and related actions. Item 7.01 (Regulation FD disclosure) was also reported.
• The filing does not show why the insider traded or why the company acted.