Billion-dollar transaction: “funny-fresh” chip company dares to enter the US market
The German company offers 14.25 US dollars per share and thus almost double the share price the day before
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Summary
The German company offers 14.25 US dollars per share and thus almost double the share price the day before. The Intersnack Group employs 14,500 people worldwide. As the subsidiary of Pfeifer Langen announced on Tuesday in Düsseldorf, she wants to take a share of 50 percent of the American snack manufacturer Utz Brands.
Furthermore, In addition to its home market Germany, the company has also had a strong presence in the UK, Australia and New Zealand as well as in other countries. The family business had a turnover of about 4.5 billion euros last year, the profit was not disclosed. The entry opens Intersnack “a promising opportunity” in the large and attractive US market, it said of Intersnack.
In addition, If the transaction closes, the company would be valued at $2.9 billion.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
The German company offers 14.25 US dollars per share and thus almost double the share price the day before.
reliability low1/3 sourcesThe Intersnack Group employs 14,500 people worldwide.
reliability low1/3 sourcesAs the subsidiary of Pfeifer Langen announced on Tuesday in Düsseldorf, she wants to take a share of 50 percent of the American snack manufacturer Utz Brands.
reliability low1/3 sourcesIn addition to its home market Germany, the company has also had a strong presence in the UK, Australia and New Zealand as well as in other countries.
reliability low1/3 sourcesThe family business had a turnover of about 4.5 billion euros last year, the profit was not disclosed.
reliability low1/3 sourcesThe entry opens Intersnack “a promising opportunity” in the large and attractive US market, it said of Intersnack.
reliability low1/3 sourcesIf the transaction closes, the company would be valued at $2.9 billion.
reliability low1/3 sources
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