Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. for potential breaches of fiduciary duty. Under the definitive agreement announced on July 21, 2026, Intersnack Group will acquire all Utz Class A Common Stock for $14.25 per share in cash. The founding Rice and Lissette family, through various entities, will own 50% of the post-merger company, representing an approximate 8% gain in their collective ownership, while public shareholders are not offered the same opportunity to roll their shares into the post-merger entity. The family group has agreed to vote shares representing approximately 42% of Utz’ common stock in favor of the transaction. The law firm is examining whether the negotiation or terms of the merger may constitute a breach of fiduciary duty by Utz’ directors or by the Rice and Lissette family as potential controllers.
Utz Brands IncInvestigation into potential breaches of fiduciary duty in the take-private merger, which may challenge or delay the deal.