The maker of Lance peanut butter sandwich crackers and Snyder’s of Hanover pretzels is set to be taken over by Campbell Soup Co. The transaction,f or $50 per share in an all-cash, represents a value of approximately $6.1 billion, said Campbell in a release.
Snyder’s-Lance, Charlotte, N.C., says shareholders overwhelmingly approved the planned sale to the Camden, N.J.-based soup company, and the deal was expected to close March 26.
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