138,670 Shares in Utz Brands, Inc. $UTZ Purchased by Ancora Advisors LLC
Ancora Advisors LLC recently purchased 138,670 shares of Utz Brands, Inc. (NYSE:UTZ) valued at approximately $1.07 million, contributing to the 95.97% institutional ownership of the company. Despite cautious analyst sentiment with a consensus "Hold" rating and a $13.39 price target, Utz Brands reported better-than-expected quarterly EPS of $0.19 and maintained a quarterly dividend. Other hedge funds also increased their stakes in the snack food manufacturer during recent quarters.
Investor Notice: The Utz Brands (NYSE:UTZ) $14.25 Transaction is Being Investigated by BFA Law on behalf of Current Shareholders
Bleichmar Fonti & Auld LLP (BFA Law) is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) due to concerns about potential breaches of fiduciary duty. The investigation focuses on the $14.25 per share acquisition by Intersnack Group, where the founding Rice and Lissette family will gain ownership in the post-merger company while public shareholders do not have the same opportunity. Current Utz Brands shareholders are encouraged to contact BFA Law to discuss their legal options.
Bank of America Corp DE Buys 167,958 Shares of Utz Brands, Inc. $UTZ
Bank of America Corp DE increased its stake in Utz Brands, Inc. by 26.7% in the first quarter, purchasing 167,958 shares, bringing its total holdings to 796,586 shares valued at approximately $6.3 million. Utz Brands reported quarterly earnings of $0.19 per share and revenue of $371.8 million, with a 1.4% year-over-year increase. Despite the stock trading near its 12-month high, analysts maintain a "Hold" rating with an average price target of $13.39.
Class Action Lawsuit Filed Against Utz Brands Over 'Avocado Oil' Boulder Canyon Potato Chips, Citing UC Davis Study on Avocado Oil Authenticity Testing
A class action lawsuit has been filed against Utz Brands, Inc. in Louisiana, alleging that their Boulder Canyon potato chips, marketed as "Avocado Oil" chips, do not contain authentic avocado oil. The lawsuit references a UC Davis study that found a high percentage of avocado oil-labeled products, including Boulder Canyon chips, were inconsistent with true avocado oil composition. The plaintiff is seeking class certification, damages, restitution, and injunctive relief to stop the alleged deceptive labeling practices.
UTZ Ongoing Investigation: BFA Law Notifies Utz Brands Shareholders that it is Investigating the $14.25 per share Transaction with Intersnack Group
Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) with Intersnack Group, where Utz Class A Common Stock is being acquired for $14.25 per share. The investigation focuses on potential breaches of fiduciary duty, as the founding Rice and Lissette family will own 50% of the post-merger company, gaining approximately 8% in collective ownership, an opportunity not extended to public shareholders. Shareholders are encouraged to contact BFA Law to discuss their legal options regarding the transaction.
Clifford Chance advises lenders on financing for Intersnack’s take private of Utz Brands
Clifford Chance advised the financiers of Intersnack Group GmbH & Co. KG on the acquisition of all outstanding shares of Class A Common Stock of Utz Brands, Inc. for $14.25 per share in cash. This transaction will result in Utz becoming a private company, with the Rice and Lissette Family Entities and Intersnack Group each owning 50% of the company. The financing provided by Intersnack Group amounts to approximately $920 million.
UTZ Investor Reminder: Utz Brands Investigation over $14.25
Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) due to concerns about potential breaches of fiduciary duty. The investigation focuses on the $14.25 per share offer from Intersnack Group, which allows the founding Rice and Lissette family to increase their ownership to 50% in the post-merger company, while public shareholders do not have the same opportunity to roll over their shares. Shareholders are encouraged to contact BFA Law to discuss their legal options regarding this transaction.
UTZ Investor Reminder: Utz Brands Investigation over $14.25 per share Transaction is Ongoing – Contact BFA Law if You Hold Shares
Bleichmar Fonti & Auld (BFA) Law is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) where Intersnack Group is set to acquire Class A Common Stock for $14.25 per share. The investigation focuses on potential breaches of fiduciary duty, as the founding Rice and Lissette family will significantly increase their ownership in the post-merger company, while public shareholders are not offered the same opportunity. Shareholders of Utz Brands are encouraged to contact BFA Law to understand their legal options.
UTZ Investigation News: Utz Brands Investigation Initiated
Bleichmar Fonti & Auld LLP has launched an investigation into the take-private merger of Utz Brands, Inc. (NYSE: UTZ) following an acquisition offer of $14.25 per share by Intersnack Group. The investigation focuses on potential breaches of fiduciary duty, particularly concerning the Rice and Lissette family's increased ownership post-merger while public shareholders are only offered cash. Shareholders are encouraged to contact BFA Law to discuss their rights regarding this transaction.
Are UTZ, ITGR, ACA, D Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC, an investor rights law firm, is investigating the sales of Utz Brands, Inc. (UTZ), Integer Holdings Corporation (ITGR), Arcosa, Inc. (ACA), and Dominion Energy, Inc. (D). The firm is examining potential violations of federal securities laws and breaches of fiduciary duties related to these transactions, suggesting that insiders might receive substantial benefits not available to ordinary shareholders. Shareholders of these companies are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options.
Why Utz Is Intersnack’s Gateway to the USD 42 Billion US Snack Market
Intersnack Group has agreed to acquire all outstanding shares of Utz Brands for USD 14.25 per share, valuing the company at approximately USD 2.9 billion. This acquisition provides Intersnack, a European snack manufacturer, with a significant entry into the USD 42 billion U.S. snack market through Utz's established brands, manufacturing, and distribution network. The deal, expected to close in Q4 2026, will make Utz private and its shares will no longer trade on the NYSE.
UTZ Shareholder Investigation: Utz Brands Investigation
Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) where the founding Rice and Lissette family will increase their ownership to 50% of the post-merger company. The investigation focuses on potential breaches of fiduciary duty, as public shareholders are offered $14.25 per share in cash without the option to roll over their shares into the new entity. Shareholders are encouraged to contact BFA Law to discuss their legal options.
Utz Brands (NYSE:UTZ) Merger Investigation: Current
Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) due to concerns about potential breaches of fiduciary duty. The investigation focuses on the offer by Intersnack Group to acquire Utz Class A Common Stock for $14.25 per share, which would result in the founding Rice and Lissette family owning 50% of the post-merger company while public shareholders do not have the same opportunity to roll over their shares. Current Utz shareholders are encouraged to contact BFA Law to discuss their legal options.
Are UTZ, VEEE, CRNX Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC, an investor rights law firm, is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the sales of Utz Brands, Inc. (UTZ), Twin Vee PowerCats Co. (VEEE), and Crinetics Pharmaceuticals, Inc. (CRNX). The firm suggests that insiders may receive substantial financial benefits not available to ordinary shareholders and encourages affected shareholders to contact them to discuss their legal rights and options.
Utz Brands (UTZ) Stock Stalls As Losses Cloud Margin Recovery
Utz Brands (UTZ) stock saw minimal movement despite reporting a net loss of US$10.1 million and negative basic earnings per share in its latest quarter, contrasting with a profit in the prior year. This financial setback raises concerns about the pace and challenge of profit recovery, especially after a strong 90-day stock run. Investors are left to weigh if the current stock price reflects an expected turnaround or if the losses indicate deeper issues.
Utz Brands Reports Q2 2026 Results, Details Share Counts and Pending Intersnack Deal
Utz Brands, Inc. (NASDAQ: UTZ) has filed its Q2 2026 results with the SEC, covering the period ending June 28, 2026. The filing discloses share counts, details of a pending transaction with Intersnack Group GmbH & Co. KG, and outlines various operational and financial risk factors. The article indicates that full access to the details requires logging in or creating an account.
UTZ Stock Drop: Utz Brands Announced $14.25 per share Transaction Leads to Investigation by BFA Law
Bleichmar Fonti & Auld LLP (BFA Law) is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) following an announcement that Intersnack Group will acquire all Class A Common Stock for $14.25 per share. The investigation centers on potential breaches of fiduciary duty, as the founding Rice and Lissette family will own 50% of the post-merger company, gaining an approximate 8% increase in collective ownership, while public shareholders are not offered the same opportunity to roll their shares into the new entity. Shareholders are encouraged to contact BFA Law to discuss their legal options.
UTZ Stock Drop: Utz Brands Announced $14.25 per share Transaction Leads to Investigation by BFA Law
Bleichmar Fonti & Auld LLP (BFA Law) has launched an investigation into the take-private merger of Utz Brands, Inc. (NYSE: UTZ), following an announcement that Intersnack Group will acquire all Utz Class A Common Stock for $14.25 per share. The investigation centers on potential breaches of fiduciary duty, as the founding Rice and Lissette family will gain an approximate 8% increase in collective ownership after the merger, owning 50% of the post-merger company, while public shareholders do not have the same opportunity. BFA Law encourages current Utz shareholders to contact them to discuss their legal options, noting that representation is on a contingency fee basis.
Utz Brands to be acquired by Intersnack Group in $2.9B transaction
Utz Brands (NYSE:UTZ) has agreed to be acquired by Germany-based Intersnack Group for approximately $2.9 billion, including debt. This transaction will take the US salty snack manufacturer private, with Intersnack and the Rice and Lissette family each owning a 50% stake. The deal, expected to close in Q4 2026, will expand Intersnack's presence in the North American market.
$UTZ Securities: Think the $14.25 per share Offer for Utz Brands is Low? BFA Law Reminds Current Shareholders to Contact the Firm
Bleichmar Fonti & Auld (BFA) Law is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ), where the founding Rice and Lissette family will gain significant ownership, while public shareholders are offered $14.25 per share in cash. BFA Law is concerned about potential breaches of fiduciary duty, as the founding family is rolling over their shares into the post-merger entity, an opportunity not extended to public shareholders. The firm encourages current Utz shareholders to contact them to discuss their legal options regarding the transaction.
UTZ INVESTIGATION: Utz Brands Investigation into $14.25 per share Offer is Ongoing – Contact BFA Law if You Hold Shares
Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) due to concerns about potential breaches of fiduciary duty related to Intersnack Group's offer to acquire Utz Brands for $14.25 per share. The investigation focuses on the disproportionate benefits to the Rice and Lissette family, who will own 50% of the post-merger company, while public shareholders are not offered the same opportunity to roll over their shares. Shareholders of Utz Brands are encouraged to contact BFA Law to understand their legal options.
UTZ INVESTIGATION: Utz Brands Investigation into $14.25 per share Offer is Ongoing – Contact BFA Law if You Hold Shares
Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) following an offer from Intersnack Group to acquire Class A Common Stock for $14.25 per share. The investigation centers on potential breaches of fiduciary duty by Utz's directors or the Rice and Lissette family, who will own 50% of the post-merger company, gaining an approximate 8% collective ownership while public shareholders are only offered cash. Shareholders are encouraged to contact BFA Law to discuss their legal options regarding the transaction.
UTZ Investor Reminder: Utz Brands Shareholders are Reminded of the Pending Investigation into the $14.25 per share Deal
Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) due to concerns about potential breaches of fiduciary duty. The investigation focuses on the $14.25 per share offer from Intersnack Group, especially as the founding Rice and Lissette family will increase their ownership to 50% post-merger, while public shareholders lack the same opportunity to roll over their shares. Shareholders are encouraged to contact BFA Law to understand their legal options.
$UTZ Investigation: BFA Law Reviews Shareholder Rights in Utz Brands’ Proposed $14.25 Per Share Intersnack Deal
Bleichmar Fonti & Auld LLP (BFA) is investigating Utz Brands, Inc. (NYSE: UTZ) following Intersnack Group's offer to acquire all Class A Common Stock for $14.25 per share. The investigation focuses on potential breaches of fiduciary duty, especially since the founding Rice and Lissette family will increase their ownership to 50% in the post-merger company while public shareholders do not have the same opportunity to roll over shares. Shareholders are encouraged to contact BFA Law to discuss their rights.
Utz Brands agrees to cash merger with Intersnack
Utz Brands has agreed to a cash merger with Intersnack Group's Idaho USA, Inc., in a deal where public Class A shareholders will receive $14.25 per share. The transaction, unanimously recommended by a special committee and the board, will make Utz an indirect wholly owned subsidiary of Intersnack. The deal is subject to shareholder and antitrust approvals, and includes provisions for financing, a termination fee, and post-closing governance changes.
Form 13D/A Utz Brands For: 22 July By Investing.com
This article announces that a Form 13D/A filing for Utz Brands was submitted on July 22. It mentions the company's stock symbol UTZ and includes a positive percentage change in its value. The content also briefly provides current market data for various indices, commodities, and currencies.
$UTZ Notification: Utz Brands Investigated Over $14.25 per share Transaction – Current Shareholders Notified to Contact BFA Law
Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. for $14.25 per share due to concerns over potential breaches of fiduciary duty. The investigation highlights that founding families will increase their ownership to 50% post-merger, while public shareholders are denied the opportunity to roll over their shares. Shareholders are encouraged to contact BFA Law to discuss their legal options regarding the transaction.
Utz Brands Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Utz Brands, Inc. - UTZ
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of Utz Brands, Inc. (NYSE: UTZ) to Intersnack Group GmbH & Co. KG. The investigation aims to determine if the $14.25 per share cash consideration adequately values the company and if the sales process was fair. Shareholders are encouraged to contact KSF if they believe the transaction undervalues Utz Brands.
Utz Brands Stock Surges 90% After $2.9 Billion Take-Private Deal
Utz Brands Inc. shares surged 90% after the company announced a definitive agreement to be taken private by Intersnack Group for $2.9 billion. Intersnack will acquire all outstanding Class A common stock for $14.25 per share, representing a 91% premium. The transaction, expected to close in Q4 2026, will result in the Rice and Lissette Family retaining a significant ownership stake, with both parties holding 50% post-deal.
Form 13D/A Utz Brands For: 22 July By Investing.com
This article announces the filing of a Form 13D/A for Utz Brands on July 22nd. It is a brief, news-style update from Investing.com, typical for financial market reporting on company filings. The content primarily serves as an alert about this specific financial document.
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Utz Brands, Inc. (NYSE: UTZ)
Monteverde & Associates PC, a class action firm, has announced an investigation into Utz Brands, Inc. (NYSE: UTZ) following its proposed sale to Intersnack Group GmbH & Co. KG. The firm is examining whether the offering price of $14.25 per share in cash is fair for Utz shareholders. Shareholders are encouraged to contact the firm for more information regarding the ongoing investigation.
Intersnack buys Utz Brands in $2.9B cash deal
Intersnack Group is set to acquire Utz Brands in a $2.9 billion all-cash transaction, paying $14.25 per share, which represents a 91% premium over Utz's July 20 closing price. The deal will take Utz private, with ownership split equally between Intersnack and the Rice and Lissette family. This acquisition allows Intersnack to expand into the U.S. snacking market while providing Utz with Intersnack's resources and innovation for further growth.
Intersnack to Acquire Utz Brands, Taking Company Private
Intersnack Group is set to acquire all outstanding Class A common shares of Utz Brands for $14.25 per share in cash, valuing the company at approximately $2.9 billion. This deal, offering a 91% premium, will take Utz private and split ownership between the founding families and Intersnack. The transaction, expected to close in Q4 2026, grants Intersnack a U.S. market entry and provides Utz with global resources.
Intersnack to Acquire Utz Brands, Taking Company Private
Intersnack Group is set to acquire Utz Brands for $14.25 per share in cash, valuing the company at approximately $2.9 billion. This deal, offering a 91% premium, will take Utz Brands private and establish Intersnack's first presence in the U.S. snack market. The transaction is expected to close in the fourth quarter of 2026.
Utz Brands (NYSE: UTZ) to be acquired in $14.25 per share all-cash merger
Utz Brands, Inc. is set to be acquired by Intersnack Group GmbH & Co. KG for $14.25 per share in an all-cash merger, making Utz an indirect wholly-owned subsidiary of Intersnack. The deal includes a recapitalization plan where current stockholders will purchase common units of Utz Brands Holdings, LLC, resulting in 50% ownership by the surviving corporation and 50% by the continuing stockholders. The transaction, approved by Utz's board and a special committee, is subject to stockholder and regulatory approvals, and includes a $44 million payment to continuing stockholders for the termination of a Tax Receivable Agreement.
UTZ Investigation Alert: BFA Law Announces an Investigation into the Utz Brands $14.25 Announced Acquisition – Current Shareholders Urged to Act
Bleichmar Fonti & Auld LLP (BFA Law) has launched an investigation into the take-private merger of Utz Brands, Inc. (NYSE: UTZ), where the company is being acquired for $14.25 per share. The investigation focuses on potential breaches of fiduciary duty, particularly concerning the Rice and Lissette family's increased ownership (50%) in the post-merger entity, compared to public shareholders who do not have the same opportunity to roll over their shares. Current Utz Brands shareholders are encouraged to contact BFA Law to understand their legal options, which may include pursuing litigation on a contingency fee basis.
Intersnack Group to Acquire Utz Brands in USD 2.9 Billion Take-Private Deal
Intersnack Group is set to acquire Utz Brands in a take-private transaction valued at approximately USD 2.9 billion, with Utz Class A Common Stock shareholders receiving USD 14.25 per share. Upon completion, Utz will become a private company, jointly owned by Intersnack Group and the Rice and Lissette Family Entities, each holding a 50% stake. The deal is expected to close in Q4 2026, pending regulatory and shareholder approvals, and aims to expand Intersnack's presence in the U.S. snacking market.
Intersnack to buy Utz in $2.9 billion deal
International snack maker Intersnack Group GmbH & Co. KG is set to acquire US salty snack manufacturer Utz Brands Inc. for approximately $2.9 billion. The deal, valued at $14.25 per share, will take publicly held Utz private, with Intersnack and the Utz founding families each owning 50%. This acquisition marks Intersnack's entry into the US snacking market and is expected to close in the fourth quarter of 2026.
Utz Brands, Inc. goes private in $2.9 billion deal with European snack company
Utz Brands, Inc., a central Pennsylvania-based snack manufacturer, has agreed to go private in a $2.9 billion deal with Germany's Intersnack Group GmbH & Co. KG. The acquisition involves Intersnack purchasing all outstanding shares of Class A Common Stock, though the original owners, the Rice and Lissette Family, will retain 50% ownership. This move allows Intersnack to expand into the U.S. snacking market, and Utz common stock will be delisted from the New York Stock Exchange upon completion of the transaction, expected in Q4 2026.
Behavioral Patterns of UTZ and Institutional Flows
This article provides an AI-driven analysis of Utz Brands Inc Class A (NYSE: UTZ), focusing on its behavioral patterns and institutional flows. It highlights strong near- and mid-term sentiment, a weak long-term outlook, and indicates a breakout with potential for higher levels. The analysis also details three distinct institutional trading strategies and multi-timeframe signal analysis for UTZ.
Utz Brands to Go Private in $2.9B Intersnack Deal
Utz Brands Inc., a U.S. salty snack manufacturer, will go private following an acquisition by Germany-based Intersnack Group GmbH & Co. KG. The deal, valued at approximately $2.9 billion, involves Intersnack acquiring all outstanding Class A Common Stock for $14.25 per share. Upon closing, the Rice and Lissette family entities and Intersnack Group will each own 50% of Utz, allowing the German company to expand into the attractive U.S. snacking market.
Shareholder Alert: Ademi LLP investigates whether Utz Brands, Inc. is obtaining a Fair Price for Public Shareholders
Ademi LLP is investigating Utz Brands, Inc. (NYSE: UTZ) concerning its recently announced transaction with Vertex, where Utz shareholders are set to receive $14.25 per share. The firm is examining potential breaches of fiduciary duty by Utz's board, particularly regarding the transaction's terms that include significant benefits for insiders and restrictions on competing bids. Ademi LLP encourages shareholders to contact them to learn more about the investigation into whether the price offered is fair to public shareholders.
Utz Brands, Inc. and Intersnack Group GmbH & Co. KG Announce Agreement to Take Utz Private and Partnership with Founding Family
Utz Brands, Inc. and Intersnack Group GmbH & Co. KG have announced a definitive agreement for Intersnack Group to acquire all outstanding shares of Utz Class A Common Stock for $14.25 per share in cash, taking Utz private at an enterprise value of approximately $2.9 billion. Following the transaction, expected to close in Q4 2026, Utz will be owned 50% by the Rice and Lissette Family Entities and 50% by Intersnack Group. This partnership is anticipated to expand Intersnack Group's presence in the U.S. snack market and provide Utz with access to Intersnack's resources for growth.
Intersnack Group to acquire Utz Brands for $2.9 billion
Intersnack Group GmbH & Co. KG is set to acquire US salty snack manufacturer Utz Brands Inc. for approximately $2.9 billion. The deal, which will take Utz private with Intersnack and the Utz founding families each owning 50%, is expected to close in the fourth quarter of 2026. This acquisition will allow Intersnack to expand its presence into the large US snacking market, leveraging Utz's national distribution and brand portfolio.
Intersnack to Take Utz Private at $14.25/Share, Implied EV ~$2.9B
Intersnack will acquire Utz Brands for $14.25 per share in cash, totaling approximately $2.9 billion, thus taking the company private. This acquisition represents a 91% premium over Utz's closing price on July 20, 2026. The deal is expected to close in Q4 2026, with the Rice and Lissette Family and Intersnack each owning 50% of the private entity.
Utz Brands (NYSE: UTZ) to go private in $2.9B Intersnack deal
Utz Brands, Inc. (NYSE: UTZ) has agreed to be acquired by Intersnack Group GmbH & Co. KG in a deal valued at approximately $2.9 billion, taking Utz private. Intersnack will purchase all outstanding shares of Utz Class A Common Stock for $14.25 per share in cash, representing a 91% premium to its July 20, 2026 closing price. Following the transaction, Utz will be jointly owned by the Rice and Lissette Family and Intersnack Group, each holding a 50% stake.
Press Release: Utz Brands, Inc. and Intersnack Group GmbH & Co. KG Announce Agreement to Take Utz Private and Partnership With Founding Family
Utz Brands, Inc. and Intersnack Group GmbH & Co. KG have announced an agreement where Intersnack will acquire Utz Brands, taking the company private. This partnership will see Intersnack combining its European market leadership with Utz's strong North American presence. The founding family of Utz will retain a significant stake in the new private entity and will continue to play a key role in its operations.
Utz snack maker could go private; Intersnack and families would split it 50-50
Utz Brands, Inc. announced a definitive agreement for Intersnack Group GmbH & Co. KG to acquire all outstanding shares of Utz Class A Common Stock for $14.25 per share in cash, a 91% premium. Following the transaction, Utz will become a private company, co-owned 50% by the Rice and Lissette Family and 50% by Intersnack Group. The deal is expected to close in Q4 2026 and aims to expand Intersnack's presence in the U.S. snacking market while providing Utz with access to Intersnack's resources.
Utz announces plans to go private in $2.9 billion deal
Utz Brands, Inc., headquartered in Hanover, York County, plans to go private through a $2.9 billion acquisition by Intersnack Group GmbH & KG. Intersnack will acquire all outstanding Class A common stock for $14.25 per share, representing a 91% premium over the July 20 closing price. Upon transaction closing in Q4 2026, Utz will become a private company jointly owned by Intersnack and the Rice and Lissette family entities, with each holding a 50% stake.
Utz Brands, Inc. and Intersnack Group GmbH & Co. KG Announce Agreement to Take Utz Private and Partnership with Founding Family
Utz Brands, Inc. and Intersnack Group GmbH & Co. KG have announced a definitive agreement for Intersnack Group to acquire all outstanding shares of Utz Class A Common Stock for $14.25 per share in cash, a 91% premium. Upon closing, Utz will become a private company with 50% ownership by the Rice and Lissette Family and 50% by Intersnack Group. This transaction expands Intersnack Group's presence in the U.S. snack market and provides Utz with access to Intersnack's resources for growth.
