The cash offer provides a clear exit for Class A stockholders at $14.25 per share. Monitor for stockholder approval (vote required) and regulatory clearances under HSR Act and other antitrust laws. The deal is expected to close no earlier than September 30, 2026, with a long outside date of April 2027.
Price Chart
Executive Summary
Utz Brands has entered into a definitive merger agreement to be acquired by Intersnack Group GmbH & Co. KG in an all-cash going-private transaction. Class A stockholders will receive $14.25 per share in cash, representing a premium to the pre-announcement trading price, while Class V shares are canceled for no consideration. The deal is subject to stockholder approval, antitrust clearance, and other customary conditions, with a termination fee of $50 million.
Key Financial Metrics
Key Facts
- Merger consideration of $14.25 per share in cash for each Class A common share
- Class V common shares canceled for no consideration
- TRA Amendment provides $44 million payment to continuing stockholders
- Recapitalization results in 50/50 ownership of operating LLC between continuing stockholders and surviving corporation
- Termination fee of $50 million payable by Utz under certain circumstances
- Outside date of April 20, 2027
Financial Impact
All-cash consideration of $14.25 per share for Class A shares; implied equity value of approximately $1.26 billion based on 88.6 million Class A shares outstanding
Risk Factors
- Failure to obtain stockholder approval or regulatory clearances
- Risk of a superior proposal leading to deal termination and $50 million fee
- Potential for appraisal rights from dissenting stockholders
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-311373 |
| Document: d152441dex105.htm | 0001193125-26-311373 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | SC 13G | $14.30 | awaiting T+20 | — | $14.32 (+0.14%) |
Oct 2, 2026 25d ago | SC 13E-3/A | $14.27 | awaiting T+20 | — | $14.32 (+0.35%) |
Oct 2, 2026 25d ago | DEFM14A | $14.27 | awaiting T+20 | — | $14.32 (+0.35%) |
Sep 24, 2026 4w ago | SC 13E-3/A | $14.24 $14.29 | ▲ +0.35% | ▲ +0.77% | $14.32 (+0.56%) |
Aug 24, 2026 9w ago | PREM14A | $14.21 $14.23 | ▲ +0.14% | ▼ −1.17% | $14.32 (+0.77%) |
Aug 5, 2026 11w ago | 8-K | $14.12 $14.20 | ▲ +0.57% | ▲ +1.17% | $14.32 (+1.42%) |
Jul 22, 2026 13w ago | 8-K | $14.06 $14.15 | ▲ +0.64% | ▼ −2.26% | $14.32 (+1.85%) |
Jul 21, 2026 14w ago | DEFA14A / 8-K | $14.06 $14.16 | ▲ +0.71% | ▼ −1.85% | $14.32 (+1.85%) |
Jun 21, 2026 18w ago | Institutional Cluster | $6.85 $7.21 | ▼ −5.26% | ▼ −5.40% | $14.32 (−109.05%) |
May 28, 2026 21w ago | 8-K | $7.50 $7.71 | ▲ +2.80% | ▲ +5.95% | $14.32 (+90.93%) |
US Market Status
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