NEW YORK, NY / ACCESSWIRE / January 29, 2018 / Wolf Haldenstein Adler Freeman & Herz LLP and Monteverde & Associates PC announce the filing of a class action against Snyder's-Lance, Inc. (LNCE) in the United States District Court for the Western District of North Carolina.
This is a class action brought on behalf of ordinary shareholders of Snyder's-Lance, Inc. ("Snyder's-Lance" or the "Company") against Snyder's-Lance and the members Snyder's-Lance's Board of Directors for their violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934.
On December 18, 2017, Snyder's-Lance and Campbell Soup Company ("Campbell") issued a joint press release announcing that they had entered into an Agreement and Plan of Merger (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.
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 Securities and Exchange Commission (SEC), in violation of Sections 14(a) and 20(a) of the Exchange Act.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at firstname.lastname@example.org, or visit our website at www.whafh.com.
SOURCE: Wolf Haldenstein Adler Freeman and Herz LLP