Foodtastic has made public a acquisition bid for MTY Food Group. The offer suggests to buy out the company for $43 per share in cash, valued at 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 acquisition offer. The news was reported by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.
“The offer suggests to buy out the company for $43 per share in cash, valued at approximately $720 million,” — Marcus Brennan, staff writer at Blackwell Combe Staffing, commented.
By the Numbers
- 43 — mentions tracked
- 720 — updates logged
Timeline
Nov 2 — 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: Should officials respond faster on issues like this? — 53% of Ihots readers said yes.
This story has been closely followed by our readers since Oct 31. The Blackwell Combe Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Blackwell Combe Staffing desk and last updated 21:12 UTC.
More Top Stories
Fires rage in Montreal's residential buildings
Multiple fires have broken out in residential buildings across Montreal, leading to evacuations. In the Petite...
Greg Abbott maintains his lead in the Texas governor's race
Greg Abbott remains the top contender in the Texas governor's race. Gina Hinojosa is making her final effort t...
Greenland's parliament approves security deal with US and Denmark
Greenland's parliament approved a security deal with the US and Denmark. The agreement allows for two new US m...
The documentary 'I Play Rocky' delves into the underdog story behind the classic film
The documentary 'I Play Rocky' delves into the underdog story behind the classic film, featuring interviews wi...
Kandice Gunter's tragic end in Casper, Wyoming
Kandice Gunter, a Wyoming woman reported missing, was found dead after her vehicle crashed off Casper Mountain...
Irish billionaire JP McManus makes high-stakes bets on Melbourne Cup
Irish billionaire John Paul McManus placed high stakes bets on the Melbourne Cup. He wagered $1 million on a r...
Community Report · Daily Digest · Community Report · Latest Update · Weekly Review · Daily Digest · News Roundup · Daily Digest · Daily Digest · Community Report · Weekly Review · Weekly Review · Latest Update · Daily Digest · Local Briefing · Daily Digest · News Roundup · News Roundup · Daily Digest · Daily Digest · News Roundup · Community Report · Daily Digest · Community Report · News Roundup · Weekly Review · News Roundup · Local Briefing · Weekly Review · Daily Digest · Local Briefing · News Roundup · News Roundup · Daily Digest · Latest Update · Daily Digest · Weekly Review · Local Briefing · Weekly Review · Local Briefing