ASIA’S DAY: Japan’s Nikkei 225 index jumped 1.6 percent to 22,914.85, while the Hang Seng in Hong Kong added 0.6 percent to 28,033.26.
Campbell plans to finance the acquisition through $6.2-billion of debt comprising a combination of long-term and short-term debt and said that it will suspend its earlier announced share repurchase program to maximise free cash flow for the purposes of paying down debt.
Current levels places Snyder’s-Lance, Inc.
First Trust Advisors LP acquired a new stake in Snyder’s-Lance Inc (NASDAQ:LNCE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. Meanwhile, US Treasuries declined, sending yields on the 10-year note three basis points to 2.38 percent. Lord Abbett & Ltd Llc, New Jersey-based fund reported 430,988 shares. Gabelli Funds Limited Liability Company holds 0.22% of its portfolio in Snyder’s-Lance, Inc. (NASDAQ:LNCE). Retirement Sys Of Alabama reported 110,871 shares stake. Guggenheim Cap Llc invested 0.01% of its portfolio in Snyder’s-Lance, Inc. (NYSE:MRK), 15 have Buy rating, 0 Sell and 8 Hold.
Champlain Ptnrs Ltd accumulated 5.46 million shares. Mason Street Advsr Ltd Com has invested 0.04% in Snyder’s-Lance, Inc. Blackrock Inc. owns $407.42 million in Snyder’s-Lance, Inc., which represents roughly 8.8% of the company’s market cap and approximately 13.69% of the institutional ownership.
Pinnacle shareholders will receive $20 per share in cash and 0.42 Shares of Penn National common stock for each Pinnacle share. Eagle Asset Mngmt holds 0.47% in Snyder’s-Lance, Inc.
CNBC had reported Friday that a deal, valued at $50 a share, was in the works. BMO Capital Markets lowered shares of Snyder’s-Lance from an “outperform” rating to a “market perform” rating and set a $43.00 target price on the stock.in a research report on Monday. The stock witnessed 38.08% gains, 35.24% gains and 40.92% gains for the 1-month, 3-month and 6-month period, respectively. Therefore 67% are positive. Ltd (NASDAQ:MNDO)’s stock about -2.56% from the 50-day high and 5.32% away from the 50-day low. In a transaction dated August 15, 2017, the shares were bought at an average price of $37.24, giving away a sum of $701,564. The company was maintained on Wednesday, August 9 by BMO Capital Markets. The stock of Snyder’s-Lance, Inc. The stock has “Outperform” rating by BMO Capital Markets on Thursday, June 9. The firm earned “Buy” rating on Friday, December 15 by Deutsche Bank. DA Davidson initiated the stock with “Buy” rating in Wednesday, April 27 report. The firm earned “Neutral” rating on Wednesday, January 27 by Bank of America. (NASDAQ:LNCE) to report earnings on February, 12. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, June 13. The rating was maintained by Deutsche Bank on Tuesday, October 6 with “Hold”. The company was downgraded on Monday, September 28 by BB&T Capital. The data from the past twelve months tells a similar story: insiders executed 15 buys and 29 sells, and ownership decreased by a net of 3.54 million shares. It has outperformed by 6.09% the S&P500.
The sale of Snyder’s-Lance means Charlotte is losing the headquarters of another major publicly traded company. (NASDAQ:LNCE) to report earnings on February, 12.
That’s made snacks one of the few bright spots in a consumer packaged foods industry struggling to respond to shoppers’ shifting tastes. That puts the deal’s value at $4.87 billion.