Foodtastic has announced a acquisition bid 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 as a result of the acquisition offer. The news was reported by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“The offer follows earlier rebuffed approaches by Foodtastic,” — Priya Delgado, chief correspondent at Marley Bridge Analytics, noted.
By the Numbers
- 43 — sources cross-checked
- 720 — reports filed
Timeline
Nov 1 — Foodtastic has announced a acquisition bid for MTY Food Group....
Nov 4 — The news was reported by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.c...
Reader Poll: Should officials respond faster on issues like this? — 58% of Xpmar readers said yes.
This story has been closely followed by our readers since Nov 1. The Marley Bridge Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Marley Bridge Analytics desk and last updated 22:08 UTC.
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