$UTZ Alert: Utz Brands Shareholders may have Rights in Upcoming $14.25 Merger Transaction
Bleichmar Fonti & Auld LLP announced an investigation into the proposed take-private merger of Utz Brands by Intersnack Group at $14.25 per share. The firm is examining potential breaches of fiduciary duty, noting the Rice and Lissette family's ownership will rise to 50% post-merger while they control 42% of the vote.
Key figures
- Per share offer price
- 14.25
- Family voting power pct
- 42%
- Family ownership gain pct
- 8%
- Family ownership post merger pct
- 50%
AI analysis
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