Deal Detail

Dot's Pretzels to Hershey

EV / LTM EBITDA

15.1x

EV / LTM Sales

Enterprise Value

Primary Source

Morgan Stanley

All Observations

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
Primary	fairness opinion	TWNK FO	Morgan Stanley	2023	-	-	15.1x	-	-	Open
-	sec filing	UTZ BofA Materials	BofA	2026	$1.2B	-	15.1x	-	(2) Includes Midwest co-manufacturer Pretzels Inc.	Open