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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Snyder’s-Lance (NASDAQ: LNCE) to Campbell Soup Company (NYSE: CPB) for $50 per share.
The investigation concerns whether the Board of Snyder’s-Lance breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Campbell Soup Company is underpaying for Snyder’s-Lance shares, thus unlawfully harming Snyder’s-Lance shareholders.
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