Announced
Financials
Tags
United States
Acquisition
Friendly
Public
Single Bidder
Food Products
snack foods
Pending
Synopsis
Campbell Soup Company and Snyder’s-Lance announced that the companies have entered into an agreement for Campbell to acquire Snyder’s-Lance for $50.00 per share in an all-cash transaction. The purchase price represents a premium of approximately 27 percent to Snyder’s-Lance’s closing stock price on Dec. 13, 2017, the last trading day prior to media reports regarding a potential transaction. The acquisition, which has been approved by the Boards of Directors of both companies, will enable Campbell to expand its portfolio of leading snacking brands.
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