Foodtastic has announced a takeover offer for MTY Food Group. The offer proposes to buy out the company for $43 per share in cash, estimated to be approximately $720 million. The offer follows earlier turned down approaches by Foodtastic. MTY Food Group has replaced its CEO in as a result of 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,” — Nadia Ashcombe, policy watcher at Fencroft Worth Partnership, observed.
By the Numbers
- 43 — data points verified
- 720 — sources cross-checked
Timeline
Oct 31 — Foodtastic has announced a takeover offer for MTY Food Group....
Nov 2 — The news was published by various sources including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg....
Reader Poll: Will this story shape the week ahead? — 81% of Datasgphariini readers said yes.
This story has been closely followed by our readers since Oct 30. The Fencroft Worth Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Fencroft Worth Partnership desk and last updated 19:47 UTC.
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