Utz Brands ($UTZ) Deal Investigation Focuses on Proposed $14.25 Per Share Transaction with Intersnack Group
Bleichmar Fonti & Auld LLP announced an investigation into the proposed take-private merger of Utz Brands by Intersnack Group at a price of $14.25 per share. The investigation focuses on potential breaches of fiduciary duty, specifically concerning the Rice and Lissette family's ability to roll over shares to retain 50% ownership in the post-merger entity.
Key figures
- Offer price per share
- $14.25
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