Foodtastic has announced a takeover offer for MTY Food Group. The offer proposes to acquire 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 response to the takeover bid. The news was published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“Foodtastic has announced a takeover offer for MTY Food Group,” — Chloe Radcliffe, research director at Stanton Field Partnership, told our newsroom.
By the Numbers
- 43 — data points verified
- 720 — sources cross-checked
Timeline
Nov 1 — Foodtastic has announced a takeover offer 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? — 64% of Masterbbfs readers said yes.
This story has been closely followed by our readers since Nov 1. The Stanton Field Partnership 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 Stanton Field Partnership desk and last updated 22:32 UTC.
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