German Snack Giant Intersnack Takes Utz Private For $2.9 Billion
Intersnack, the German family firm, pays $14.25 a share in cash, a 91% premium over Utz's July 20 close.
- $14.25 per share in cash values Utz Brands at a $2.9 billion enterprise value.
- The offer marks roughly a 91% premium over Utz's closing price on July 20.
- Utz's founding Rice family stays on as a partner in the private company.
Why it matters: A 91% premium paid overnight is the market conceding it had mispriced this company for years.
Utz Brands, Inc. official press release (investors.utzsnacks.com) ↗ · Jul 21, 20267/21/26 · ✓ Checked✓ Check