An extension letter is usually written at least 30 days before the expiration of the lease. However, it is recommended to write the letter at least 60 days before the expiration date of the lease to give the tenant or landlord more time to consider any major changes in the lease.
Under the deal - which is expected to be completed in the third quarter of 2015 â Daveâs Killer Bread (currently 50:50 owned by the founding Dahl family and VC firm Goode Partners) will be run as an independent subsidiary.
According to the terms of the agreement, Lance and Snyder's shareholders will each own 50 percent of the newly formed company. In addition to Cape Cod Potato Chips, Lance also owns Archway cookies, Stella D'oro cookies and Tom's Snacks.