Intersnack Group to acquire Utz Brands for $14.25/share in cash, ~$2.9B EV

Utz Brands, Inc.

Purchase price of $14.25/share represents ~91% premium to July 20, 2026 closing price.
Enterprise value of approximately $2.9 billion; transaction expected to close in Q4 2026.
Rice and Lissette Family to own 50% of Utz post-close; Dylan Lissette to become Executive Chair.
Financing includes ~$920M cash from Intersnack, $1.1B term loan, and $250M ABL facility.
Utz will not host Q2 2026 earnings call or issue earnings presentation due to the transaction.

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