Intersnack to Take Utz Private at $14.25/Share, Implied EV ~$2.9B

Utz agreed to be acquired by Intersnack for $14.25 per share in cash, valuing the company at about $2.9 billion and taking Utz private.Key Highlights:Original SEC Filing: Utz Brands, Inc. [ UTZ ] - 8-K - Jul. 21, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying imp…

Utz agreed to be acquired by Intersnack for $14.25 per share in cash, valuing the company at about $2.9 billion and taking Utz private.

Key Highlights:

Intersnack will acquire all Utz Class A shares for $14.25 per share in cash, ~91% premium to July 20, 2026 close.
Transaction implies an enterprise value of approximately $2.9 billion and will make Utz a private company.
Post-close ownership: Rice and Lissette Family and Intersnack will each own 50% of Utz; Dylan Lissette to become Executive Chair.
Financing includes ~$920M cash from Intersnack, a $1.1B term loan, $250M ABL, and rollover/reinvestment by the family.
Expected close in Q4 2026, subject to regulatory and stockholder approvals; Utz will not host a Q2 2026 earnings call.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.