Foodtastic has made public a acquisition bid for MTY Food Group. The offer suggests to buy out the company for $43 per share in cash, estimated to be 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 published by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“MTY Food Group has replaced its CEO in as a result of the acquisition offer,” — Priya Delgado, regional editor at Cedarcroft Bury Solutions, noted.
By the Numbers
- 43 — reports filed
- 720 — mentions tracked
Timeline
Nov 1 — Foodtastic has made public a acquisition bid for MTY Food Group....
Nov 2 — The news was published by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloom...
Reader Poll: Do you expect this story to develop further? — 65% of Hzplive readers said yes.
This story has been closely followed by our readers since Oct 31. The Cedarcroft Bury Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Cedarcroft Bury Solutions desk and last updated 19:44 UTC.
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