Utz Brands Inc (UTZ)

A class action lawsuit has been filed against Utz Brands, Inc. in Louisiana, alleging that their Boulder Canyon potato chips, marketed as "Avocado Oil" chips, do not contain authentic avocado oil. The lawsuit references a UC Davis study that found a high percentage of avocado oil-labeled products, including Boulder Canyon chips, were inconsistent with true avocado oil composition. The plaintiff is seeking class certification, damages, restitution, and injunctive relief to stop the alleged deceptive labeling practices.

Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) with Intersnack Group, where Utz Class A Common Stock is being acquired for $14.25 per share. The investigation focuses on potential breaches of fiduciary duty, as the founding Rice and Lissette family will own 50% of the post-merger company, gaining approximately 8% in collective ownership, an opportunity not extended to public shareholders. Shareholders are encouraged to contact BFA Law to discuss their legal options regarding the transaction.

Clifford Chance advised the financiers of Intersnack Group GmbH & Co. KG on the acquisition of all outstanding shares of Class A Common Stock of Utz Brands, Inc. for $14.25 per share in cash. This transaction will result in Utz becoming a private company, with the Rice and Lissette Family Entities and Intersnack Group each owning 50% of the company. The financing provided by Intersnack Group amounts to approximately $920 million.

Bleichmar Fonti & Auld LLP is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) due to concerns about potential breaches of fiduciary duty. The investigation focuses on the $14.25 per share offer from Intersnack Group, which allows the founding Rice and Lissette family to increase their ownership to 50% in the post-merger company, while public shareholders do not have the same opportunity to roll over their shares. Shareholders are encouraged to contact BFA Law to discuss their legal options regarding this transaction.

Bleichmar Fonti & Auld (BFA) Law is investigating the take-private merger of Utz Brands, Inc. (NYSE: UTZ) where Intersnack Group is set to acquire Class A Common Stock for $14.25 per share. The investigation focuses on potential breaches of fiduciary duty, as the founding Rice and Lissette family will significantly increase their ownership in the post-merger company, while public shareholders are not offered the same opportunity. Shareholders of Utz Brands are encouraged to contact BFA Law to understand their legal options.