Lance, Snyder’s merger prompts investigation by law firms, investor-advocacy group
By Tara Ramsey In response to a merger announcement by Charlotte-based Lance and Snyder’s of Hanover, based in Hanover, Pa., at least three law offices and an investor-advocacy group have begun investigating what they call a possible breach of fiduciary duty. But one Charlotte business litigator said such claims are not uncommon whenever two big companies merge. On Thursday, Lance and Snyder’s announced that the companies had signed a stock-for-stock merger agreement. The combined company will be based in Charlotte, where Lance is currently headquartered. The name of the combined company will be Snyder’s-Lance Inc. The merger is slated to be official following shareholder meetings for Lance and Snyder’s in the fall.