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Tue, July 27, 2010
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Fri, July 23, 2010
Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Lance, Inc.
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Lance, Inc. (aLancea or the Company) (NASDAQ:LNCE) related to the Companya™s agreement to merge into a single company with Snydera™s of Hanover, Inc. (aSnydera™sa). The name of the proposed company will be Snydera™s-Lance, Inc.
Under the terms of the definitive agreement entered into by the parties, after the merger shareholders in Snydera™s and Lance will each own approximately 50% of the combined company. Existing Lance and Snydera™s options will become options in the combined company. As part of the deal, Lance will pay its shareholders a one-time dividend of $3.75 a share. The transaction is expected to close in the fall of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Lance, Inc.a™s board of directors.
If you own shares of Lance, Inc., if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].