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I saw a news report this morning that stated that Lance and Snyder's of Hanover are merging. The report was bereft of any substantial details except to say that the merged company will be 49.9% owned by Lance shareholders and the rest by Snyder's, and that because Snyder is a private company, Lance will pay a special dividend of around $3.

Anyone have any more information that they can share about what is going on and what it means?
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