Utz Quality Foods to acquire Golden Flake Snack Foods

摘要

Utz Quality Foods, Inc. has entered into an agreement to acquire Golden Enterprises, Inc., the Birmingham, Ala.-based manufacturer and distributor of Golden Flake Snack Foods, for about $146 million, or $12 per share. Golden Enterprises share price jumped following the news, climbing to as high as $11.95 per share in mid-morning trading on July 19 after closing at $7.50 on July 18.