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 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 offer proposes to buy out the company for $43 per share in cash, valued at approximately $720 million,” — Simone Whitfield, contributing analyst at Blackton Cliff Analytics, added during the briefing.
By the Numbers
- 43 — data points verified
- 720 — sources cross-checked
Timeline
Oct 31 — Foodtastic has announced a acquisition bid for MTY Food Group....
Nov 2 — 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? — 74% of Uqewylpyzkg-b689 readers said yes.
This story has been closely followed by our readers since Oct 30. The Blackton Cliff Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Blackton Cliff Analytics desk and last updated 19:41 UTC.
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