Utz Brands to be Acquired by Intersnack Group in $2.9 Billion Deal
Utz Brands (NYSE:UTZ) has agreed to a $2.9 billion acquisition deal with Germany-based Intersnack Group, which will take the company private and expand its presence in North America. The transaction includes acquiring all outstanding shares at $14.25 per share, representing a 91% premium over Utz's July 20 closing price.
Tickers: $UTZ
Topics: mergers_and_acquisitions private_equity snack_industry