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Snyder's-Lance, Inc. (LNCE)

- NASDAQ
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  • May 7, 2014, 3:56 PM
  • Sep. 6, 2012, 3:58 PM
    Snyders-Lance (LNCE +11.7%) spiked higher after last night's announced acquisition of Snack Factory and certain affiliates for $340M in cash, adding the fast-expanding Pretzel Crisps brand to the snack company's portfolio. The deal is expected to close early in Q4 and will add ~$0.02 to adjusted EPS in 2012 and ~$0.10 in 2013.
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Company Description
Snyders-Lance Inc manufactures, markets, and distributes a variety of snack food products including pretzels, sandwich crackers, kettle chips, cookies, potato chips, tortilla chips, other salty snacks, sugar wafers, nuts, and crackers.