Snyder's-Lance, Inc. (LNCE) - NASDAQ
  • Mon, Feb. 29, 5:45 PM
    • Snyder's-Lance (LNCE +1.1%) has wrapped its cash-and-stock acquisition of Diamond Foods (NASDAQ:DMND).
    • Diamond Foods stockholders are receiving 0.775 Snyder's-Lance shares and $12.50 cash for each share of Diamond they hold.
    • Adding brands like Pop Secret, Kettle Chips, and Emerald and Diamond nuts helps increase the company's annualized net revenue to about $2.6B, it said. It's reaffirmed estimated annualized synergies from cost savings at $75M, with about $10M to be reinvested in growth plans.
    • The deal's expected to be immediately accretive to 2016 earnings.
    • After hours: LNCE flat.
    | Mon, Feb. 29, 5:45 PM | 2 Comments
  • Oct. 28, 2015, 7:01 AM
    • Snyder's-Lance (NASDAQ:LNCE) announces it will acquires Diamond Foods (NASDAQ:DMND) in a deal valued at $1.9B.
    • Diamond shareholders will receive $12.50 per share and 0.775 shares of Snyder's-Lance at closing.
    • The deal has the backing of large Diamond shareholder Oaktree Capital
    • The merger is expected to kick up synergy benefits as high as $75M in annual cost savings.
    • Previously: Food sector M&A seen picking up (Oct. 23 2015)
    • DMND +11.78% premarket to $39.00.
    | Oct. 28, 2015, 7:01 AM
  • May 7, 2014, 3:56 PM
    • Snyder's-Lance (LNCE +4.1%) agrees to sell its private label snack foods business to Shearer's Foods in a $430M deal that it says will enable it to focus on branded sales.
    • BB&T analyst Brett Hundley thinks the sale, combined with an improved business mix, will help improve operating margins to above 10% while unlocking equity value.
    | 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.

    | Sep. 6, 2012, 3:58 PM
Company Description
Snyder's-Lance, Inc. manufactures, distributes, markets, and sells snack food products in the U.S. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers, and other salty snacks. The company... More
Industry: Processed & Packaged Goods
Country: United States