Ein Snack-Klassicer in den USA sind die Pretzels von Snyder's of Hanover
30/10/2015 | International
Snyder's-Lance to acquire Diamond Foods
Snyder's-Lance, Inc. and Diamond Foods, Inc. has announced that they have entered into a definitive agreement under which Snyder's-Lance will acquire all outstanding shares of Diamond Foods in a cash and stock merger transaction for appr. USD 1.91 bn, including the assumption of approximately USD 640 m of indebtedness.
Under the terms of the agreement, Diamond stockholders will receive 0.775 Snyder's-Lance shares and USD 12.50 in cash per Diamond Foods share upon closing of the transaction. The agreement has been approved by the Boards of Directors of both companies, who recommend that their respective stockholders approve the transaction. Oaktree Capital, Diamond's largest stockholder, has agreed to vote in favor of the transaction. Diamond Foods stockholders will own approximately 26% of the combined company. Diamond Foods is a leading snack food company with five brands including Kettle Brand® potato chips, KETTLE® Chips, Pop Secret® popcorn, Emerald® snack nuts, and Diamond of California® culinary nuts. Each Diamond Foods brand brings unique strengths that fit with Snyder's-Lance's strategic plan while increasing the company's annualized net revenue to approximately USD 2.6 bn. The transaction expands Snyder's-Lance's footprint in "better-for-you" snacking and increases the Company's existing natural food channel presence. Snyder's-Lance expects that this transaction will expand and strengthen its Direct Store Delivery ("DSD") network in the United States, and provide Snyder's-Lance with a platform for growth in the UK and across Europe.