Foodtastic has made public a takeover offer for MTY Food Group. The offer proposes to acquire the company for $43 per share in cash, estimated to be approximately $720 million. The offer follows previous rebuffed approaches by Foodtastic. MTY Food Group has changed its CEO in response to the takeover bid. The news was published by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“The news was published by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com,” — Chloe Radcliffe, research director at Marstone Brook Group, observed.
By the Numbers
- 43 — mentions tracked
- 720 — updates logged
Timeline
Oct 31 — Foodtastic has made public a takeover offer for MTY Food Group....
Nov 3 — The news was published by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloom...
Reader Poll: Has this affected your local community? — 65% of Edpvrm readers said yes.
This story has been closely followed by our readers since Oct 30. The Marstone Brook 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 Marstone Brook Group desk and last updated 20:21 UTC.
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