AcquisitionsJul 21, 2026, 08:26 AM
Utz Brands to be Acquired by Intersnack for $14.25/Share, Go Private
AI Summary
Utz Brands, Inc. has entered into a definitive agreement to be acquired by Intersnack Group GmbH & Co. KG. Intersnack will acquire all outstanding Class A Common Stock for $14.25 per share in cash, representing a significant premium of approximately 91% over the July 20, 2026 closing price. The transaction values Utz at approximately $2.9 billion and will take the company private, with the Rice and Lissette Family and Intersnack Group each owning 50%. The deal is expected to close in the fourth quarter of 2026, pending regulatory and shareholder approvals.
Key Highlights
- Intersnack Group to acquire all outstanding Utz Class A Common Stock.
- Acquisition price is $14.25 per share in cash.
- Price represents a premium of approximately 91% over July 20, 2026 closing price.
- Enterprise value of the transaction is approximately $2.9 billion.
- Upon closing, Utz will become a private company, 50% owned by Rice and Lissette Family and 50% by Intersnack Group.
- Transaction financed by $920 million cash from Intersnack, $1.1 billion term loan, $250 million ABL facility, and rollover equity.
- Expected to close in Q4 2026, subject to regulatory and shareholder approvals.
- Utz common stock will no longer be listed on the NYSE after closing.
Price Impact
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