--- title: "These Chips Are Scorching Hot: Utz Soars 90% On Take-Private Deal" type: "News" locale: "en" url: "https://longbridge.com/en/news/293370188.md" description: "Utz Brands surged 90% after European snack giant Intersnack agreed to take the company private for $14.25 per share in cash. The $920 million transaction, expected to close in Q4 2026 pending approvals, will delist Utz from the NYSE. Intersnack and the Rice and Lissette family will each own 50%, with Dylan Lissette becoming executive chair. This deal marks Intersnack's entry into the US snack market." datetime: "2026-07-21T17:05:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293370188.md) - [en](https://longbridge.com/en/news/293370188.md) - [zh-HK](https://longbridge.com/zh-HK/news/293370188.md) --- # These Chips Are Scorching Hot: Utz Soars 90% On Take-Private Deal **Chips are scorching hot on Tuesday, but not the kind made by Nvidia, AMD or Intel.** Shares of **Utz Brands**, the Hanover, Pennsylvania-based snack maker known for its potato chips, cheese balls and red-and-white "Little Utz Girl" logo, **erupted after European snack giant Intersnack agreed to take the company private**. **Utz Brands surged 90%** after European snack maker Intersnack agreed to take the potato-chip producer **private for $14.25 a share in cash.** **Utz Brands** The transaction will be financed with about $920 million from Intersnack, new term and asset-backed loans, and rollover equity from the Rice and Lissette family. BofA Securities advised Intersnack and arranged the debt financing. "**Intersnack shares our vision for Utz, and their marketing, manufacturing, and technology capabilities will be invaluable as we continue to invest in our brands and accelerate our strategy**," Utz CEO Howard Friedman said. The Utz take-private deal is **expected to close in the fourth quarter of 2026**, pending shareholder and regulatory approvals. Holders controlling about 42% of the stock have agreed to support the transaction. **Utz will delist from the NYSE**, with Intersnack and the Rice and Lissette family each owning 50%. Dylan Lissette will become executive chair. "Our partnership with the Rice and Lissette Family, and commitment to Utz, represents a compelling opportunity for Intersnack to **expand our exposure into the large and attractive US snacking market**, where we do not currently have a presence," Intersnack Executive Chairman Johan van Winkel said. The deal gives Intersnack its first foothold in the US snack market. Utz, which maintained its 2026 organic-sales growth forecast of 2% to 3%, reports second-quarter earnings early next month. Utz shares are trading nearly 90% higher, close to the $14.25 take-private price. Short interest stands at roughly 11% of the float, equivalent to about 8 million shares and 3.9 days to cover, likely amplifying the move. Shortly after Utz completed its SPAC merger with Collier Creek Holdings in August 2020 at roughly $10 a share, the stock surged to nearly $30 before entering a five-and-a-half-year downtrend. ### Related Stocks - [UTZ.US](https://longbridge.com/en/quote/UTZ.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [Utz Soars 90% After $2.9 Billion Take-Private Deal at 91% Premium](https://longbridge.com/en/news/293472967.md) - [Utz Brands agrees to cash merger with Intersnack](https://longbridge.com/en/news/293479092.md) - [QUICK SPARK: Jim Cramer Called Utz A 'Nice Price,' Wall Street Is Paying 91% More](https://longbridge.com/en/news/293348869.md) - [04:51 ETUtz Brands, Inc. 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