Foodtastic has announced a acquisition bid 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 earlier rebuffed approaches by Foodtastic. MTY Food Group has replaced its CEO in response to the acquisition offer. The news was published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“Foodtastic has announced a acquisition bid for MTY Food Group,” — Amara Sterling, senior market analyst at Bramcroft Ton Recruitment, added during the briefing.
By the Numbers
- 43 — regions covered
- 720 — data points verified
Timeline
Nov 3 — Foodtastic has announced a acquisition bid for MTY Food Group....
Nov 4 — The news was published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg....
Reader Poll: Will this story shape the week ahead? — 70% of Industrialelectricalwarehousenlh readers said yes.
This story has been closely followed by our readers since Nov 1. The Bramcroft Ton Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Bramcroft Ton Recruitment desk and last updated 21:14 UTC.
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