MILWAUKEE, Dec. 18, 2017 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Board of Directors of
Snyder's-Lance, Inc. (Nasdaq: LNCE) for possible breaches of
fiduciary duty and other violations of California law in connection with the sale of
LNCE to Campbell.
Click here to learn how to join the action:
http://ademilaw.com/case/snyders or call Guri Ademi toll-free at 866-264-3995. There is
no cost or obligation to you.
Ademi & O'Reilly, LLP alleges LNCE's long-term financial
outlook is improving and yet LNCE shareholders will receive
$50 for each LNCE share.
Campbell is well aware of LNCE's
improving financial metrics and is purchasing LNCE at a substantial
discount. The merger agreement unreasonably limits competing bids
for LNCE by (i) prohibiting solicitation of any further bids, and
(ii) imposing a termination penalty should LNCE receive and accept
a superior bid. LNCE insiders, their affiliates and other major
shareholders own significant voting stock, and will receive
millions of dollars as part of change of control arrangements, and
therefore can unduly influence a sale of LNCE. Our investigation
centers on the conduct of LNCE's Board of Directors, who have
unanimously approved the transaction, and whether they are (i)
fulfilling their fiduciary duties to all shareholders, and (ii)
obtaining a fair and reasonable price for LNCE given its current
financial condition and prospects.
If you own common stock in LNCE and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/snyders.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP