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Market Update

Should Investors Snack on Packaged-Food Stocks?

M&A activity is heating up in sector. Here's where investors can find opportunity.

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Just as investors started heading out for their holiday breaks, Campbell Soup (CPB) made its largest acquisition in the company's 148-year history, buying snack food company Snyder's-Lance (LNCE) for $6 billion.

That same day, Hershey (HSY) announced  it was buying Amplify Snack Brands (BETR), maker of the second-leading ready-to-eat popcorn brand Skinny Pop, for $1.6 billion.

Bryan Borzykowski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.