Campbell Soup buys maker of Cape Cod chips for $4.87B

Campbell Soup will buy Pretzels and Cape Cod chips maker Snyder’s-Lance for $4.87 billion as it looks to expand its snack business amid sagging soup sales. Campbell said on Monday it would pay Snyder's shareholders $50 per share in cash. The offer represents a 27 percent premium to Snyder's close on Wednesday, a day before...