Lance recently filed its merger proxy with Snyder's

Lance LNCE recently filed its merger proxy with Snyder's of Hanover, the largest pretzel maker in the U.S. In recent report from BB&T the Lance/Snyder’s as a strong strategic move. This viewpoint is bolstered by reviewing Snyder’s historical financials, as well as its financial projections. Snyder’s holds above a 40% market share,#1 in U.S. pretzels, with a strong national distribution footprint. Lance shareholders will no longer hold more than 60% of the shares. Performance awards under Lance’s incentive plans will vest immediately. To reiterate thoughts from research in July, BB&T believes that this transaction makes a lot of sense strategically. BB&T also believes that Snyder's people and input will be a strong addition to the new team. Shares of Lance, Inc. spiked in early trading before sliding almost 2%. Lance closed yesterday at $21.61