Dec 18 (Reuters) - Campbell Soup Co will buy
Pretzels and Cape Cod chips maker Snyder's-Lance Inc
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 shareholder
$50 per share in cash.
The offer represents a 27 percent premium to Snyder's close
on Wednesday, a day before CNBC first reported that the company
had hired an investment bank to weigh a potential sale following
an approach from Campbell.
(Reporting by Uday Sampath in Bengaluru; Editing by Shounak
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