UTZ — Germany's Intersnack To Acquire Utz Brands In $2.9B Take-Private Deal

Salty-snack maker Utz Brands has agreed to be taken private by Germany's Intersnack Group in a transaction valued at approximately $2.9 billion. The deal offers Utz shareholders $14.25 per share, a 91% premium, and will see the founding Rice and Lissette family retain a 50% stake in the company. Utz shares soared 89% on the news.