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 as a result of the acquisition offer. The news was reported by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“MTY Food Group has changed its CEO in as a result of the acquisition offer,” — Marcus Brennan, contributing analyst at Walburn Stow Group, observed.
By the Numbers
- 43 — mentions tracked
- 720 — updates logged
Timeline
Oct 31 — Foodtastic has announced a acquisition bid for MTY Food Group....
Nov 3 — The news was reported by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.c...
Reader Poll: Has this affected your local community? — 50% of Natriuem readers said yes.
This story has been closely followed by our readers since Oct 31. The Walburn Stow Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Walburn Stow Group desk and last updated 19:19 UTC.
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