Case Page

 

Case Status:    ONGOING    
On or around 01/25/2018 (Ongoing date of last review)

Filing Date: January 25, 2018

According to the Complaint, Snyder’s-Lance 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 “Merger Consideration”).

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.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: LNCE
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. North Carolina
DOCKET #: 18-CV-00039
JUDGE: Hon. Graham Mullen
DATE FILED: 01/25/2018
CLASS PERIOD START: 12/18/2017
CLASS PERIOD END: 01/25/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
  2. Whitfield Bryson & Mason LLP
    900 W. Morgan Street, Whitfield Bryson & Mason LLP, NC 27603
    916.600.5000 ·
  3. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
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