Foodtastic has announced 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 previous turned down approaches by Foodtastic. MTY Food Group has changed its CEO in response to the acquisition offer. The news was published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“Foodtastic has announced a acquisition bid for MTY Food Group,” — David Kingsley, research director at Ashley Brook Financial, observed.
By the Numbers
- 43 — reports filed
- 720 — mentions tracked
Timeline
Nov 1 — Foodtastic has announced a acquisition bid for MTY Food Group....
Nov 2 — 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? — 66% of Dripzy readers said yes.
This story has been closely followed by our readers since Oct 30. The Ashley Brook Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Ashley Brook Financial desk and last updated 19:24 UTC.
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