$UTZ Securities: Utz Brands Shareholders have Rights in Pending Investigation into the Upcoming Merger - Contact BFA Law for Details
Bleichmar Fonti & Auld LLP announced an investigation into the proposed take-private merger of Utz Brands by Intersnack Group. The firm is examining potential breaches of fiduciary duty regarding the $14.25 per share offer, specifically noting that the founding Rice and Lissette family will roll 42% of shares to retain a 50% ownership stake post-merger.
Key figures
- Offering Price
- 14.25
- Family shares voting
- 42%
- Family ownership post merger
- 50%
AI analysis
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