Snyder's-Lance to Acquire Snack Factory, LLC
The completion of the transaction is subject to customary conditions, including receipt of required regulatory approvals.
10 Sep 2012 --- Snyder's-Lance, Inc. announced that it has entered into a definitive agreement 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. The completion of the transaction is subject to customary conditions, including receipt of required regulatory approvals.
Snyder's-Lance was advised by Edgeview Partners in the transaction and was supported by the law firm of K&L Gates, LLP. Snack Factory and VMG Partners were represented by Houlihan Lokey and the law firm of Kirkland & Ellis.
