F.T.C. clears Lance-Snyder's transaction

by Eric Schroeder
Share This:

CHARLOTTE, N.C. — The U.S. Federal Trade Commission has granted clearance to Lance, Inc. and Snyder’s of Hanover, Inc. via early termination of the review process under the Hart-Scott-Rodino Antitrust Improvements Act for the companies previously announced proposed merger. The merger is expected to be completed in the fourth quarter of this year and is still subject to shareholder approval by Lance and Snyder’s stockholders.

“We are pleased with the quick and orderly review of our proposed merger by the Federal Trade Commission and their decision for early termination,” said Carl E. Lee Jr., president and chief executive officer of Snyder’s.
David V. Singer, president and c.e.o. of Lance, said he remains “very excited” about the potential strength and scale of the combined companies and the value that the merger will bring to the company’s consumers, customers and shareholders.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.