Snyder’s-Lance, Inc. Receives Shareholder Approval for Proposed Acquisition by Campbell Soup Company
SNYDERS-LANCE (LNCE)
Last snyders-lance earnings: 2/28 08:00 am
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US:NASDAQ Investor Relations:
ir.snyderslance.com
Company Research
Source: GlobeNewswire
CHARLOTTE, N.C., March 23, 2018 (GLOBE NEWSWIRE) -- Snyder’s-Lance, Inc. (Nasdaq:LNCE) announced today that its shareholders, at a special meeting held on March 23, 2018, approved the previously announced proposed acquisition of the Company by Campbell Soup Company. 90.26% of the Company’s shares outstanding were voted, with more than 99.33% of the votes cast in favor of the proposal, representing more than 89.65% of Snyder’s-Lance’s issued and outstanding shares. Under the terms of the proposed acquisition, Campbell Soup Company will acquire all shares outstanding of Snyder’s-Lance, Inc. for $50.00 per share in cash. The Company will be filing the final vote results on a Form 8-K with the SEC. The closing of the transaction is anticipated to occur on or about Monday, March 26, 2018, subject to the satisfaction of customary closing conditions at such time. At the closing, shares of Snyder’s-Lance common stock will no longer be listed for trading on the NASDAQ stock exchange.
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