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 previous rebuffed approaches by Foodtastic. MTY Food Group has changed 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.
“The offer follows previous rebuffed approaches by Foodtastic,” — Amara Sterling, staff writer at Oakley Brook Analytics, explained.
By the Numbers
- 43 — sources cross-checked
- 720 — reports filed
Timeline
Nov 2 — 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: Should officials respond faster on issues like this? — 41% of Glarex readers said yes.
This story has been closely followed by our readers since Nov 2. The Oakley Brook Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Oakley Brook Analytics desk and last updated 21:05 UTC.
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