Latest development3 months ago
Intersnack Group to Acquire Utz Brands in $2.9 Billion Cash Deal
The all-cash acquisition offers a massive 91% premium to shareholders of the American snack maker Utz Brands.
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Jim Cramer defended NVIDIA’s unique position as the most proprietary chip company in history, rejecting comparisons to commodity producers, while also recommending nLIGHT as a speculative buy. Meanwhile, Duolingo shares rose 6.1% following its Q2 financial results, and Germany's Intersnack Group agreed to acquire Utz Brands for $2.9 billion. The all-cash deal represents a significant 91% premium over the company's current stock price.
The all-cash acquisition offers a massive 91% premium to shareholders of the American snack maker Utz Brands.
Read the full storyDuolingo shares rose 6.1% following its Q2 earnings report, while nLIGHT received a boost from Jim Cramer’s speculative buy rating linked to a new agreement.
Jim Cramer labeled NVIDIA the most proprietary chip firm in history, emphasizing its non-commodity role at the core of global data centers.