Foodtastic has made public 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 previous rebuffed approaches by Foodtastic. MTY Food Group has changed its CEO in as a result of the acquisition offer. The news was reported by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“The news was reported by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com,” — Farah Vance, research director at Wilton Brook Recruitment, added during the briefing.
By the Numbers
- 43 — mentions tracked
- 720 — updates logged
Timeline
Nov 3 — Foodtastic has made public a acquisition bid for MTY Food Group....
Nov 4 — The news was reported by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomb...
Reader Poll: Has this affected your local community? — 73% of Meteoriteman readers said yes.
This story has been closely followed by our readers since Nov 3. The Wilton Brook Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Wilton Brook Recruitment desk and last updated 21:27 UTC.
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