Bolstering the company’s natural products portfolio, Snyder’s-Lance, Inc. signed a definitive agreement to acquire Diamond Foods, Inc. for approximately $1.91 billion.
The deal, which merges two iconic snacking brands, includes the assumption of $640 million in debt. Under the terms of the agreement, Diamond shareholders will receive 0.775 Snyder's-Lance shares and $12.50 cash for each Diamond Foods share.