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Strategies & Market Trends : Speculating in Takeover Targets
CTG 7.990+1.0%Oct 21 4:00 PM EDT

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To: richardred who wrote (5250)7/15/2019 2:23:26 PM
From: E_K_S  Read Replies (1) of 6086
Clabber Girl in Terre Haute will be laying off 25 employees starting Aug. 31, the company said Thursday.

The layoffs are to begin Aug. 31 and will continue through the end of the year. The employees have been notified and will receive severance packages, the company said.

Hulman & Co. on May 15 announced the sale of Clabber Girl to B&G Foods Inc. B&G, based in New Jersey, makes and distributes a broad range of food products, including Cream of Wheat, Green Giant, Ortega, SnackWell’s and others.

B&G paid $80 million for Clabber Girl, according to a U.S. Securities and Exchange Commission filing.

Cost reduction synergies. Tested mylti year low today too.

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