According to the Complaint, Snyder’s-Lance, Inc. manufactures, markets, and distributes snack foods. The Company offers sandwich crackers, cookies, restaurant crackers and bread basket items, candy, chips, meat snacks, nuts, and cake items.

On December 18, 2017, Snyder’s-Lance and Campbell issued a joint press release announcing that they had entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Snyder’s-Lance, Campbell, and Twist Merger Sub, Inc., a wholly-owned subsidiary of Campbell (“Merger Sub”). Pursuant to the Merger Agreement, Campbell will acquire Snyder’s-Lance through the merger of Merger Sub with and into Snyder’s-Lance, with Snyder’s-Lance surviving the merger and becoming a wholly owned subsidiary of Campbell.

Pursuant to the terms of the Merger Agreement, Snyder’s-Lance stockholders will receive $50.00 per share in cash in exchange for each share of Snyder’s-Lance common stock that they own.

The Complaint alleges that on January 17, 2018, in order to convince Snyder’s-Lance’s stockholders to vote in favor of the Proposed Transaction, Defendants authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement on a Schedule 14A (the “Proxy”) with the SEC, in violation of Sections 14(a) and 20(a) of the Exchange Act.

This case was voluntarily dismissed on March 27, 2018.