Cases & Investigations
Utz Brands, Inc. Investigation
Type: Investigations
Stock Symbol: NYSE: UTZ
Wolf Popper LLP is investigating potential breach of fiduciary duty claims on behalf of minority stockholders of Utz Brands, Inc. (NYSE: UTZ).
Utz announced that it has agreed to be acquired by Intersnack Group GmbH & Co. KG (“Intersnack“) in collaboration with members of the founding family that together control approximately 41.4% of Utz’s voting power. Under the terms of the proposed transaction, Intersnack will acquire all unaffiliated shares of the Company for $14.25 per share in cash.
Upon closing the transaction, Utz will become a private company with the founding families and Intersnack each owning 50% of Utz.
Wolf Popper’s investigation focuses, among other things, on whether the proposed $14.25 per share consideration adequately reflects the value of the Company.
The deal price is below the Company’s 52-week high stock price of $14.67 per share and below the high Street price target of $15.00 per share.
We encourage current stockholders of Utz Brands, Inc. to email us at outreach@wolfpopper.com to discuss this investigation. You may have a legal claim.
Utz announced that it has agreed to be acquired by Intersnack Group GmbH & Co. KG (“Intersnack“) in collaboration with members of the founding family that together control approximately 41.4% of Utz’s voting power. Under the terms of the proposed transaction, Intersnack will acquire all unaffiliated shares of the Company for $14.25 per share in cash.
Upon closing the transaction, Utz will become a private company with the founding families and Intersnack each owning 50% of Utz.
Wolf Popper’s investigation focuses, among other things, on whether the proposed $14.25 per share consideration adequately reflects the value of the Company.
The deal price is below the Company’s 52-week high stock price of $14.67 per share and below the high Street price target of $15.00 per share.
We encourage current stockholders of Utz Brands, Inc. to email us at outreach@wolfpopper.com to discuss this investigation. You may have a legal claim.
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- Email: Outreach@wolfpopper.com
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