Jenner & Block

Firm Advises Snyder’s-Lance in Acquisition of Diamond Foods

Jenner & Block  is serving  as securities counsel and corporate governance counsel for Snyder’s-Lance in connection with the company’s recently announced  agreement to acquire Diamond Foods, Inc.,  a transaction that brings together two “iconic snacking brands,” according to a press release.  Under the agreement announced this week, Snyder's-Lance will acquire all outstanding shares of Diamond Foods in a cash and stock merger transaction for approximately US$1.91 billion.  The firm is handling all of the Snyder’s-Lance filings with the US Securities and Exchange Commission in connection with the transaction, including the S-4 registration statement, which will be filed by the company in order to enable Snyder’s-Lance to issue its shares to the stockholders of Diamond and for both companies to hold meetings of their stockholders to approve the transaction.  The firm also advised the Snyder's-Lance board of directors regarding its consideration and approval of the transaction.  The boards of both companies have approved the agreement.  According to the press release, the transaction expands Snyder's-Lance's footprint in "better-for-you" snacking and increases the company's existing natural food channel presence.   The team representing Snyder’s-Lance includes Corporate Partners Kevin T. Collins, Martin C. Glass and Jason M. Casella and Corporate Associates Edward L. Prokop, Breanne K. Long and Anthony R. Collins, Jr.  Tax Partner Geoffrey M. Davis provided tax advice regarding the structuring of the transaction.