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According to Reuters, Snyder’s-Lance, Inc. (LNCE) approached by Campbell Soup Co (CPB)

  • December 15, 2017

POTENTIAL DEAL DETAILS

StockSnyder's-Lance, Inc.SymbolLNCE
Date Announced12/14/2017Source Reuters
TypeNews Report
Date of Confirmation: 12/18/2017Price at Confirmation: $46.79
Potential Profit: 5.34%Annualized Profit: 486.86%

Snack foods maker Snyder‘s-Lance Inc (LNCE) has hired an investment bank to weigh a potential sale after being approached by Campbell Soup Co (CPB),  citing sources familiar with the situation.

Update(s):

December 18, 2017: Campbell Soup Company (CPB) and Snyder’s-Lance (LNCE) today 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.

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