SunTrust Upgrades Lance, Inc. (LNCE) to Buy

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Go back to SunTrust Upgrades Lance, Inc. (LNCE) to Buy

Snyder's-Lance, Inc. Reports Results for Third Quarter 2015

October 28, 2015 6:01 AM EDT

CHARLOTTE, N.C., Oct. 28, 2015 /PRNewswire/ -- Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) today reported third quarter net revenue growth of 2% over last year, with earnings of $0.26 per diluted share excluding special items and $0.22 per diluted share including special items. 

"We are excited about our announcement made earlier this morning of a definitive agreement to acquire Diamond Foods, Inc. in a deal that is expected to close early in 2016.  As we have worked toward the signing of... More

Snyder's-Lance, Inc. Signs Definitive Agreement to Acquire Diamond Foods, Inc.

October 28, 2015 6:00 AM EDT

CHARLOTTE, N.C., and SAN FRANCISCO, Oct. 28, 2015 /PRNewswire/ -- Snyder's-Lance, Inc. (NASDAQ: LNCE) ("Snyder's-Lance" or "Company") and Diamond Foods, Inc. (NASDAQ: DMND) ("Diamond Foods" or "Diamond") today announced that they have entered into a definitive agreement under which Snyder's-Lance will acquire all outstanding shares of Diamond Foods in a cash and stock merger transaction for approximately $1.91 billion, including the assumption of approximately $640 million of indebtedness.  Under the terms of the agreement, Diamond stockholders will receive 0.775 Snyder's-Lance shares and $12.50 in cash per Diamond Foods share... More