Foodtastic has announced a acquisition bid for MTY Food Group. The offer suggests to acquire 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 reported by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“The news was reported by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com,” — Farah Vance, research director at Marley Bury Media, added during the briefing.
By the Numbers
- 43 — reports filed
- 720 — mentions tracked
Timeline
Nov 3 — 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? — 77% of Frontieroutlet readers said yes.
This story has been closely followed by our readers since Nov 1. The Marley Bury Media desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Marley Bury Media desk and last updated 20:57 UTC.
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