Jefferies Maintains a 'Buy' on Lance, Inc. (LNCE); Time to Snack

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Snyder's-Lance (LNCE) Buys Snack Factory for $340M

September 5, 2012 4:17 PM EDT

Snyder's-Lance, Inc. (Nasdaq: LNCE) announced plans to acquire Snack Factory, LLC and certain affiliates, for $340 million in cash.

This includes approximately $60 million of net present value of future tax benefits. Snyder's-Lance, Inc. (Snyder's-Lance) expects to close the transaction early in the fourth quarter.... More