Intersnack Pays $14.25 a Share to Take Utz Private, Splits Ownership 50‑50
Intersnack Group will buy all Utz Class A shares for $14.25 each, a 91% premium that values the snack maker at roughly $2.9 billion. The deal splits ownership 50/50 between Intersnack and the Rice‑Lissette family, giving the German firm a foothold in the U.S. market while supplying Utz with global scale and innovation.