Utz Brands Stock Surges 90% After $2.9 Billion Take-Private Deal
Utz Brands shares surged after Intersnack Group agreed to acquire the snack maker in a $2.9 billion take-private transaction.
A bigger company decided to buy Utz Brands for $2.9 billion, and Utz's stock price jumped way up. When a company gets bought, the stock usually goes up because owners get paid a set price, so think of it like someone offering to buy your bike for more than you thought it was worth.
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