Foodtastic has announced 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 turned down approaches by Foodtastic. MTY Food Group has replaced its CEO in as a result of the acquisition offer. The news was published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“The offer suggests to buy out the company for $43 per share in cash, estimated to be approximately $720 million,” — Hugo Halloway, contributing analyst at Marstone Dale Practice, observed.
By the Numbers
- 43 — data points verified
- 720 — sources cross-checked
Timeline
Nov 1 — Foodtastic has announced a acquisition bid for MTY Food Group....
Nov 3 — The news was published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg....
Reader Poll: Has this affected your local community? — 66% of Ductcleaningservices-nwvrtx-bc7-asl-ca-2 readers said yes.
This story has been closely followed by our readers since Nov 2. The Marstone Dale Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Thursday, Nov 5.
Editor's note: this report was prepared by the Marstone Dale Practice desk and last updated 20:16 UTC.
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