Legal & Disputes
Monteverde & Associates Investigates Utz Brands' $14.25-Per-Share Sale to Intersnack
By News Desk ·
Key takeaways
- Monteverde & Associates PC is investigating Utz Brands' sale to Intersnack Group, under which shareholders are expected to receive $14.25 per share in cash.
- The firm's inquiry covers three other mergers: Safety Insurance Group at $105.00 per share, Passage Bio's merger with Remix Therapeutics, and Finward Bancorp at 1.35 First Financial shares per share.
- Utz Brands reported full-year 2025 net sales of $1.44 billion, up 2.1% year-over-year, and Q1 2026 revenue of $361.3 million.
Monteverde & Associates PC is investigating Utz Brands' sale to Intersnack Group GmbH & Co. KG, a transaction in which Utz shareholders are expected to receive $14.25 per share in cash, GlobeNewswire reported on October 20, 2026. The firm announced the inquiry alongside investigations of three other mergers.
Monteverde & Associates PC Opens Utz Inquiry
Class action attorney Juan Monteverde, of Monteverde & Associates PC, is examining the proposed Utz transaction. The same announcement covers Safety Insurance Group's sale to an affiliate of Mapfre S.A., with stockholders expected to receive $105.00 per share in cash; Passage Bio's merger with Remix Therapeutics, for which no terms were disclosed; and Finward Bancorp's sale to First Financial Bancorp, at 1.35 shares of First Financial common stock for each Finward share.
Monteverde & Associates PC describes itself as a national class action securities firm and states it has recovered money for shareholders. The firm says it is headquartered at the Empire State Building in New York City and was recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. In a September 16, 2026 interview with BOSS Magazine, Monteverde said shareholder class actions arise from concerns about merger processes, not just offer prices, and he reviewed pre-announcement factors including competing offers, executive interests and proxy disclosures.
Utz Brands' Scale and Recent Moves
Utz Brands is the largest pure-play salty snacks company in the U.S., according to akta.pro company records, having grown from a regional East Coast snack company. The same records show full-year 2025 net sales of $1.44 billion, up 2.1% year-over-year, Q4 2025 net sales of $342.2 million, and Q1 2026 revenue of $361.3 million with 2.6% year-over-year growth. The Hanover-based company was founded in 1921 and is led by CEO Howard Friedman.
Earlier Law Firm Scrutiny of the Sale
Kahn Swick & Foti, LLC is investigating the proposed sale of Utz Brands to Intersnack Group, seeking to determine if the $14.25 per share cash offer is adequate, FinancialContent Business Page reported in October 2026. Scott+Scott Attorneys at Law LLP is investigating whether Utz Brands directors breached fiduciary duties by approving the $14.25-per-share buyout by Intersnack Group, FinancialContent Business Page reported in September 2026. Utz Quality Foods launched a $1.1 billion term loan B to finance its acquisition by Intersnack, with commitments due September 16, PitchBook reported in September 2026.
What Comes Next for the Utz Deal
The term loan B financing carries a deal valued at $2.9 billion, to be funded with $920 million in cash and family equity, closing in Q4 2026, according to PitchBook. Utz Brands declared a quarterly cash dividend of approximately $0.063 per share, with payment expected on October 1, 2026, FinancialContent Business Page reported.