Hershey (HSY) agreed to buy Amplify Snack Brands (BETR) on Monday for $1.6 billion. 

"The snacks are the millennial favorite," said TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer, adding that Pepsico (PEP) owns the greatest snack company, Frito-Lay, which other companies are trying to nibble at. 

Pepsico is a holding of Action Alerts PLUS.

Plus, Campbell Soup (CPB) agreed to acquire Snyder's-Lance (LNCE) on Monday.

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