Bleichmar Fonti & Auld LLP said it is investigating Utz Brands, Inc.’s proposed take-private merger with Intersnack Group, under which holders of Utz Class A Common Stock would receive $14.25 per share in cash. The firm said the review is focused on potential breaches of fiduciary duty tied to the deal terms and negotiation process, including the role of the founding Rice and Lissette family, which has agreed through various entities and affiliates to back the transaction with shares representing about 42% of Utz’s common stock. After the merger closes, that family group is expected to own 50% of the post-merger company, an approximately 8% increase in collective ownership, while public shareholders are not being offered the same chance to roll over their shares into the private entity.