The stockholder vote on November 13, 2026 is the next key catalyst. Monitor for any stockholder opposition or appraisal demands that could delay or alter the deal. The CEO appointment signals post-closing management continuity.
Price Chart
Executive Summary
This Amendment No. 3 to the SC 13E-3 transaction statement for Utz Brands, Inc. reflects the filing of a supplemental proxy supplement and a post-closing CEO letter agreement with B. John Lindeman. The going-private merger with Intersnack Group GmbH & Co. KG at $14.25 per share in cash is proceeding toward a stockholder vote on November 13, 2026, with the closing anticipated around November 20, 2026. The filing is procedural and does not change the deal terms or consideration.
Key Facts
- Class A stockholders will receive $14.25 per share in cash in the going-private merger.
- The merger requires approval from a majority of outstanding shares and a majority of disinterested stockholder votes.
- A special meeting of stockholders is scheduled for November 13, 2026.
- The closing is anticipated on or about November 20, 2026.
- B. John Lindeman has been offered the position of CEO of the post-closing company with a starting salary of $1,700,000 per year and an 18-month term.
- Continuing Stockholders (Series U and Series R of UM Partners LLC) will receive a $44 million TRA payment at closing.
- Post-closing, Intersnack and the Continuing Stockholders will each own 50% of Utz Brands Holdings, LLC.
Financial Impact
Total equity value of the transaction is approximately $2.1 billion based on the $14.25 per share cash consideration and the company's market cap. A $44 million TRA payment will be made to Continuing Stockholders.
Risk Factors
- Stockholder vote may not achieve the required majority of outstanding shares or disinterested stockholder approval.
- Appraisal rights under Delaware law could result in additional costs or delays.
- The deal is subject to customary closing conditions and financing arrangements.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13E-3/A Filing (Primary) | 0001193125-26-441885 |
| Document: d75151dex9916dix.htm | 0001193125-26-441885 |
| Document: 0001193125-26-441885-index-headers.html | 0001193125-26-441885 |
| Document: 0001193125-26-441885-index.html | 0001193125-26-441885 |
| Document: 0001193125-26-441885.txt | 0001193125-26-441885 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 1d ago | SC 13E-3/A | $14.31 | awaiting T+60 | awaiting T+60 | $14.27 (−0.28%) |
Oct 30, 2026 1d ago | DEFA14A | $14.32 | awaiting T+60 | awaiting T+60 | $14.27 (−0.35%) |
Oct 30, 2026 1d ago | DEFA14A | $14.25 | awaiting T+60 | awaiting T+60 | $14.27 (+0.14%) |
Oct 30, 2026 1d ago | 8-K | $14.32 | awaiting T+60 | awaiting T+60 | $14.27 (−0.35%) |
Oct 9, 2026 22d ago | SC 13G | $14.30 | awaiting T+60 | awaiting T+60 | $14.27 (−0.21%) |
Oct 2, 2026 4w ago | SC 13E-3/A | $14.27 | awaiting T+60 | awaiting T+60 | $14.27 (+0.00%) |
Oct 2, 2026 4w ago | DEFM14A | $14.27 | awaiting T+60 | awaiting T+60 | $14.27 (+0.00%) |
Sep 24, 2026 5w ago | SC 13E-3/A | $14.24 | awaiting T+60 | awaiting T+60 | $14.27 (+0.21%) |
Aug 24, 2026 9w ago | PREM14A | $14.21 | awaiting T+60 | awaiting T+60 | $14.27 (+0.42%) |
Aug 5, 2026 12w ago | 8-K | $14.12 $14.30 | ▲ +1.24% | ▲ +1.05% | $14.27 (+1.06%) |
US Market Status
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