Foodtastic has made public a acquisition bid for MTY Food Group. The offer proposes to buy out the company for $43 per share in cash, valued at approximately $720 million. The offer follows earlier rebuffed approaches by Foodtastic. MTY Food Group has replaced its CEO in as a result of the acquisition offer. The news was published by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“The news was published by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com,” — Marcus Brennan, policy watcher at Greenton Dale Solutions, added during the briefing.
By the Numbers
- 43 — sources cross-checked
- 720 — reports filed
Timeline
Nov 1 — Foodtastic has made public a acquisition bid for MTY Food Group....
Nov 3 — The news was published by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloom...
Reader Poll: Will this story shape the week ahead? — 42% of Spbo readers said yes.
This story has been closely followed by our readers since Nov 1. The Greenton Dale Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Greenton Dale Solutions desk and last updated 19:00 UTC.
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