B&G Foods (owns @Cream_of_Wheat@mrsdash@Ortega, and @piratesbooty brands) will acquire Green Giant and Le Sueur brands from @GeneralMills for $765MM cash. Acquiring these frozen and canned vegetable brands will be B&G Foods first entry into the frozen foods category. In the fiscal year 2015, the Green Giant and Le Sueur have generated $585MM in net sales. This sale comes as General Mills ($18.7B sales in fiscal year 2015) is trying to focus on brands, categories, and geographic markets that will have the greatest future growth opportunities. - Link

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