Utz Brands (NYSE:UTZ) surges 89% following $2.9 billion acquisition; debt reduces buyout premium (Securities and Exchange Commission)
Shares of Utz Brands, Inc. soared 89% on Tuesday following a $14.25 per share cash proposal from Germany’s Intersnack Group. The offer gives the salty-snack manufacturer an enterprise value near $2.9 billion, accounting for debt.
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