# Utz Brands, Inc. (UTZ) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_b713979a4d807f98580e · retrieved 2026-08-11T16:15:06.826Z

## Overview
Utz Brands, Inc. is a snack food company that manufactures and sells salty snacks and other food products under brands including Utz, Boulder Canyon, On The Border, and Zapp's.

On July 20, 2026, Utz Brands, Inc. entered into a merger agreement with Intersnack Group GmbH & Co. KG (Parent), Idaho USA, Inc. (Acquiror), and Idaho Merger Sub, Inc. (Merger Sub). Under the agreement, Merger Sub will merge with and into Utz Brands, with Utz Brands surviving as an indirect wholly-owned subsidiary of Parent. Each outstanding share of Class A Common Stock will be converted into the right to receive $14.25 per share in cash, without interest and net of applicable withholding taxes. The transaction is subject to customary closing conditions, including receipt of stockholder approval and regulatory clearances. The company will pay a $50,000,000 termination fee to Acquiror if the merger agreement is terminated under specified circumstances, including if the company stockholder approval is not obtained or if the company breaches its representations, warranties, or covenants. The outside date for closing is April 20, 2027.

## Terms
- Counterparty: Intersnack Group GmbH & Co. KG · Deal value: $2.90B · Consideration: cash · Premium: 91.0% · Stake: 50% · Price/share: $14.25

## Key dates
- Announced 2026-07-21 · Expiry 2027-04-20 · Expected close 2026-12-31

## Timeline
- 2026-07-21 · 8-K (0001193125-26-309592): 8-K - Utz Brands, Inc. — *Utz Brands, Inc. manufactures a diverse portfolio of savory snacks through popular brands including Utz®, On The Border® Chips & Dips, Zapp's®, and Boulder Canyon®, distributed nationally through grocery, mass merchandisers, club, convenience, drug, and other channels.* Utz Brands, Inc. and Intersnack Group GmbH & Co. KG announced execution of a definitive merger agreement whereby Intersnack Group will acquire all outstanding Class A Common Stock of Utz for $14.25 per share in cash, representing a 91% premium to the July 20, 2026 closing price and an enterprise value of approximately $2.9 billion. Upon closing, Utz will become a private company with the Rice and Lissette Family Entities and Intersnack Group each owning 50%. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals and stockholder approval by holders of a majority of common stock and disinterested stockholders. The Rice and Lissette Family has committed to vote shares representing approximately 42% of Utz's common stock in favor of the transaction.
  https://www.sec.gov/Archives/edgar/data/1739566/0001193125-26-309592.txt
- 2026-07-22 · 8-K (0001193125-26-311373): 8-K - Utz Brands, Inc. — *Utz Brands, Inc. is a snack food company that manufactures and sells salty snacks and other food products under brands including Utz, Boulder Canyon, On The Border, and Zapp's.* On July 20, 2026, Utz Brands, Inc. entered into a merger agreement with Intersnack Group GmbH & Co. KG (Parent), Idaho USA, Inc. (Acquiror), and Idaho Merger Sub, Inc. (Merger Sub). Under the agreement, Merger Sub will merge with and into Utz Brands, with Utz Brands surviving as an indirect wholly-owned subsidiary of Parent. Each outstanding share of Class A Common Stock will be converted into the right to receive $14.25 per share in cash, without interest and net of applicable withholding taxes. The transaction is subject to customary closing conditions, including receipt of stockholder approval and regulatory clearances. The company will pay a $50,000,000 termination fee to Acquiror if the merger agreement is terminated under specified circumstances, including if the company stockholder approval is not obtained or if the company breaches its representations, warranties, or covenants. The outside date for closing is April 20, 2027.
  https://www.sec.gov/Archives/edgar/data/1739566/0001193125-26-311373.txt

## Citations
- 0001193125-26-309592 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526309592
- 0001193125-26-311373 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526311373