Foodtastic has announced a acquisition bid for MTY Food Group. The offer suggests to acquire the company for $43 per share in cash, estimated to be approximately $720 million. The offer follows previous rebuffed approaches by Foodtastic. MTY Food Group has changed 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.
“Foodtastic has announced a acquisition bid for MTY Food Group,” — Hugo Halloway, staff writer at Wilburn Stow Media, explained.
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 published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg....
Reader Poll: Should officials respond faster on issues like this? — 42% of Bgatiginu readers said yes.
This story has been closely followed by our readers since Nov 1. The Wilburn Stow Media 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 Wilburn Stow Media desk and last updated 22:33 UTC.
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