Campbell to Acquire Snyder’s-Lance, Inc. to Expand in Faster-Growing Snacking Category

CAMDEN, N.J. & CHARLOTTE, N.C.–(BUSINESS WIRE)–Dec. 18, 2017– Campbell Soup Company (NYSE: CPB) and Snyder’s-Lance (NASDAQ: 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. 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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