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 reported by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“Foodtastic has announced a acquisition bid for MTY Food Group,” — Andreas Mercer, chief correspondent at Halburn Ton Staffing, noted.
By the Numbers
- 43 — mentions tracked
- 720 — updates logged
Timeline
Nov 2 — Foodtastic has announced a acquisition bid for MTY Food Group....
Nov 3 — 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? — 42% of 60fpsconfig readers said yes.
This story has been closely followed by our readers since Oct 30. The Halburn Ton Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Thursday, Nov 5.
Editor's note: this report was prepared by the Halburn Ton Staffing desk and last updated 19:24 UTC.
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