Utz Brands acquired by Intersnack Group
Analysis based on 50 articles · First reported Jul 21, 2026 · Last updated Jul 28, 2026
Utz shares surged nearly 89% on the announcement, reflecting the large premium. The investigations may create uncertainty but are unlikely to derail the deal; the market has largely priced in the acquisition at the offer price.
On July 21, 2026, Utz Brands, Inc. (NYSE: UTZ) announced a definitive agreement to be acquired by Germany-based Intersnack in an all-cash transaction valued at approximately $2.9 billion, including debt. Under the terms, Intersnack will acquire all outstanding Class A common stock for $14.25 per share, representing a 91% premium over Utz's closing price on July 20, 2026. The founding Rice and Lissette families, who control about 42% of voting shares, have agreed to support the deal and will retain a 50% ownership stake in the post-merger company, with Dylan Lissette becoming Executive Chair. The transaction is expected to close in Q4 2026, after which Utz will be delisted from the New York Stock Exchange. Several law firms, including Bleichmar Fonti & Auld LLP and Kaskela Law LLC, have announced investigations into potential breaches of fiduciary duty by Utz's directors and the controlling families, alleging that the $14.25 per share price may undervalue the company and that public shareholders are being shortchanged compared to the founding families' ability to roll over equity.
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