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Wajeeh Khan

MYSTERIOUS: The 2 9 billion reason utz stock is up today - What They Never Told You

UTZ Utz Brands

UTZ Brands (UTZ) shares nearly doubled on Tuesday morning after Germany’s Intersnack Group agreed to take the salty snacks specialist private in a deal that values it at $2.9 billion. Under the definitive cash agreement, Intersnack will acquire all outstanding UTZ shares at $14.25 each, representing a 91% premium on their previous close.

Following the explosive surge, UTZ stock is hovering around its 52-week high of $14.49.

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