Snyder's announces plans to merge with Lance Inc.

Full story: Evening Sun

Snyders' of Hanover announced it's plans to merge with Lance Inc. Thursday. A headquarters will remain in town, but it's unknown at this point what its function may be.

Comments

Showing posts 1 - 13 of13
former Hanover resident

Fayetteville, GA

|
Report Abuse
|
Judge it!
|
#1
Jul 23, 2010
 

Judged:

1

According to a story on Bloomberg, David Singer from Lance will remain the CEO of the combined company.

http://www.bloomberg.com/news/2010-07-22/snyd...
Yah Sure

Salt Lake City, UT

|
Report Abuse
|
Judge it!
|
#2
Jul 23, 2010
 

Judged:

1

A merger of equals with the headquarters in Charlotte. With all that was written, Lance is TAKING OVER Snyder's with Lance's corporate culture ruling the roost.
former chief

Sylvania, GA

|
Report Abuse
|
Judge it!
|
#3
Jul 23, 2010
 

Judged:

1

You still can't beat a UTZ chip. Happy Days Wayne
Chris

Macungie, PA

|
Report Abuse
|
Judge it!
|
#4
Jul 23, 2010
 

Judged:

1

Bummer! Another local company homogenized.
If Lance is smart, they'll keep the Snyder's of Hanover brand separate.
Investor

Hanover, PA

|
Report Abuse
|
Judge it!
|
#5
Jul 23, 2010
 

Judged:

1

Keep in mind...Snyder's will control 50.1% of the stock...a wise move.
RUSTY46

Reading, PA

|
Report Abuse
|
Judge it!
|
#6
Jul 23, 2010
 

Judged:

1

Last time I checked companies were still allowed to do things like this.

In the future they may not with big government but right now it is still allowed.
Timeout

Hanover, PA

|
Report Abuse
|
Judge it!
|
#7
Jul 23, 2010
 

Judged:

1

Guess you can say that Utz was smart to pull out of the possible merger.
Hanover transplant

York, PA

|
Report Abuse
|
Judge it!
|
#8
Jul 23, 2010
 

Judged:

1

Mike Rice had the chance to be part of Snyders but didn't want the SEC poking around his financials...i.e.paying for the East Berlin Mansion and The Avalon mansion through the business. So he backed out. Saying UTZ was smart...don't think so. Snyders is #2 in the NATION behind ROLD GOLD. Only reason Rold Gold is so high is because they are FRITO LAY. If Utz was so smart they should have done it, and gone against Frito when they had the chance. NOW...they are ripe for the picking...provided egos allow it...we shall see.
Barry Quit

York, PA

|
Report Abuse
|
Judge it!
|
#9
Jul 23, 2010
 

Judged:

1

I'm hoping to read this....The deal was called off about a month later after Lance officials backed out, citing a lengthy and costly review process by the Federal Trade Commission.
get the real facts

York, PA

|
Report Abuse
|
Judge it!
|
#10
Jul 24, 2010
 

Judged:

1

1

1

Yah Sure wrote:
A merger of equals with the headquarters in Charlotte. With all that was written, Lance is TAKING OVER Snyder's with Lance's corporate culture ruling the roost.
Snyder's has 50.1% of company, thats why it will be called SNYDERS-Lance. Also Warehime will remain chairman while Carl Lee will remain president. There will be 2 corporate headquarters. Time will tell how this plays out. Hopefully for the best for all of Hanover.

Since: Jan 09

Hanover

|
Report Abuse
|
Judge it!
|
#11
Jul 24, 2010
 
Hanover transplant wrote:
Mike Rice had the chance to be part of Snyders but didn't want the SEC poking around his financials...i.e.paying for the East Berlin Mansion and The Avalon mansion through the business. So he backed out. Saying UTZ was smart...don't think so. Snyders is #2 in the NATION behind ROLD GOLD. Only reason Rold Gold is so high is because they are FRITO LAY. If Utz was so smart they should have done it, and gone against Frito when they had the chance. NOW...they are ripe for the picking...provided egos allow it...we shall see.
Where is this East Berlin mansion?
CAMPER

Boston, MA

|
Report Abuse
|
Judge it!
|
#13
Sep 22, 2010
 
i hope it will be a good merger .snyder and lance good companies. i hope they have money left for more aquisitions
CAMPER

Boston, MA

|
Report Abuse
|
Judge it!
|
#14
Sep 22, 2010
 
Chris wrote:
Bummer! Another local company homogenized.
If Lance is smart, they'll keep the Snyder's of Hanover brand separate.
they will .just like cape cod chips.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 1 - 13 of13
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Lance Discussions

Search the Lance Forum:
Topic Updated Last By Comments
no suprise Mar '14 no name 1
US: Snyder's-Lance earnings jump on core brand ... Mar '14 no name 3
Snyder's-Lance deal clears the FTC (Aug '10) Jan '14 Paul 17
Snack deal final (Dec '10) Nov '12 naresh kumar 10
Lance buys Stella D'oro, plans to move bakery t... (Sep '09) Aug '11 America Gentleman Samuel 19
Snyder's-Lance unveils new corporate logo (Apr '11) Apr '11 UtzUtzUtz 14
Lance, Snyder merger final (Dec '10) Jan '11 dsd operator 4
•••
•••