UTZ Stock Surges on $2.9 Billion Take-Private Deal with Intersnack
Shares of UTZ Brands (UTZ) nearly doubled after Germany's Intersnack Group agreed to take the company private in a $2.9 billion deal, offering $14.25 per share—a 91% premium over its previous close. The acquisition provides Intersnack with entry into the U.S. packaged foods market and access to brands like Zapp's and On The Border.
Tickers: $UTZ
Topics: M&A stock movement