Utz Goes Private in Difficult Public Market for Food Companies
Dow Jones
Jul 22
1438 ET - Utz Brands' decision to go private after being taken over by Intersnack is the right path forward, said Jefferies analysts in a research note. The firm said the $14.25 takeout price was fair as consumer stress, SNAP benefit reductions and GLP-1 adoption made a competing bid unlikely. The deal comes as a string of other food companies, such as WK Kellogg, Kellanova and Tree House have also been taken over by private companies. The analysts said the pattern signals how companies see the private route as a way to transform the business away from public-market scrutiny. (grace.yoon@wsj.com)
(END) Dow Jones Newswires
July 21, 2026 14:38 ET (18:38 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.