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Vistra Updates Financial Impact of Winter Storm Uri and Reissues 2021 Guidance


Vistra Updates Financial Impact of Winter Storm Uri and Reissues 2021 Guidance
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Estimating the financial impact of Winter Storm Uri ( Uri ) on 2021 Ongoing Operations Adjusted EBITDA
1 and Ongoing Operations Adjusted Free Cash Flow before Growth (FCFbG)
1 at ~$(1,600) million, including self-help initiatives.
Reissuing 2021 Ongoing Operations Adjusted EBITDA
1 and Ongoing Operations Adjusted FCFbG
1 guidance ranges at $1,475 to $1,875 million and $200 to $600 million, respectively.
Providing an update on its 2021 capital allocation plan.
Hosting an investor update call today at 8 a.m. EDT (7 a.m. CDT) in lieu of its regularly scheduled quarterly earnings conference call; filing its Quarterly Report on Form 10-Q for the first quarter of 2021 and posting the related investor materials to its website on May 5, 2021. ....

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Utz Brands to Acquire Vitner's Snack Food Brand and Distribution Assets


Press release content from Business Wire. The AP news staff was not involved in its creation.
Utz Brands to Acquire Vitner’s Snack Food Brand and Distribution Assets
January 11, 2021 GMT
HANOVER, Pa. (BUSINESS WIRE) Jan 11, 2021
Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiary Utz Quality Foods, LLC (“UQF”) has entered into a definitive agreement with Snak-King Corp. (“Snak King”) to acquire certain assets related to the Vitner’s brand (“Vitner’s”), a leading brand of snack foods in the Chicago metropolitan market, for a total purchase price of $25 million, subject to customary purchase price adjustments. The acquired assets include the intellectual property, including the ....

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Utz Brands Completes Acquisition of ON THE BORDER® Tortilla Chips


Press release content from Business Wire. The AP news staff was not involved in its creation.
Utz Brands Completes Acquisition of ON THE BORDER® Tortilla Chips
December 14, 2020 GMT
HANOVER, Pa. (BUSINESS WIRE) Dec 14, 2020
Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”) announced that effective today, its subsidiaries Utz Quality Foods, LLC (“UQF”) and Heron Holding Corporation have completed the acquisition of Truco Enterprises (“Truco”), a leading seller of tortilla chips, salsa and queso under the
ON THE BORDER® (“OTB”) brand, for a total purchase price of $480 million, subject to a customary post-closing purchase price adjustment. The acquisition includes the ....

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