Foodtastic has announced a takeover offer for MTY Food Group. The offer suggests to buy out the company for $43 per share in cash, valued at approximately $720 million. The offer follows previous rebuffed approaches by Foodtastic. MTY Food Group has changed its CEO in response to the takeover bid. The news was published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“The offer follows previous rebuffed approaches by Foodtastic,” — Andreas Mercer, research director at Marton Bury Solutions, added during the briefing.
By the Numbers
- 43 — regions covered
- 720 — data points verified
Timeline
Nov 2 — Foodtastic has announced a takeover offer for MTY Food Group....
Nov 4 — The news was published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg....
Reader Poll: Has this affected your local community? — 60% of Bjsjvst readers said yes.
This story has been closely followed by our readers since Nov 2. The Marton Bury Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Marton Bury Solutions desk and last updated 20:59 UTC.
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