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Foodtastic launches C$1 billion hostile bid for MTY Food Group

Foodtastic launches unsolicited C$1 billion bid for MTY

1 Nov 3 8:31 AM · 8d ago · 1 article · 1 post · 2 sources · development 1 of 2

Foodtastic makes an unsolicited all-cash offer of C$43 per share to acquire MTY Food Group, valuing the company at approximately C$1 billion (C$1.5 billion enterprise value including debt), a 32% premium over MTY's Oct. 30 closing price. The bid follows two rejected approaches over the past month.

Foodtastic launches unsolicited C$1 billion bid for MTY
Investing.com News

“MTY is a great company with excellent opportunities, but it has unfortunately not lived up to its full potential in recent years.”

Peter Mammas

Foodtastic Inc. Acquiring companyPeter Mammas Foodtastic CEOMTY Food Group Inc. Target companyVictor E. Mandel MTY board director / new CEOEric Lefebvre Former MTY CEO

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Peak 5 pieces in two hours at Nov 3, 8 AM; 8 pieces over 9 days (6 articles · 2 posts) Nov 3, 8 AM — 5 pieces · 4 articles · 1 post — Google News 2, Newswires 2, Mastodon 1Nov 3, 10 AM — 1 piece · 1 article — Google News 1Nov 3, 12 PM — 1 piece · 1 post — Mastodon 1Nov 3, 2 PM — 1 piece · 1 article — Google News 1Nov 3, 4 PM — quietNov 3, 6 PM — quietNov 3, 8 PM — quietNov 3, 10 PM — quietNov 4, 12 AM — quietNov 4, 2 AM — quietNov 4, 4 AM — quietNov 4, 6 AM — quietNov 4, 8 AM — quietNov 4, 10 AM — quietNov 4, 12 PM — quietNov 4, 2 PM — quietNov 4, 4 PM — quietNov 4, 6 PM — quietNov 4, 8 PM — quietNov 4, 10 PM — quietNov 5, 12 AM — quietNov 5, 2 AM — quietNov 5, 4 AM — quietNov 5, 6 AM — quietNov 5, 8 AM — quietNov 5, 10 AM — quietNov 5, 12 PM — quietNov 5, 2 PM — quietNov 5, 4 PM — quietNov 5, 6 PM — quietNov 5, 8 PM — quietNov 5, 10 PM — quietNov 6, 12 AM — quietNov 6, 2 AM — quietNov 6, 4 AM — quietNov 6, 6 AM — quietNov 6, 8 AM — quietNov 6, 10 AM — quietNov 6, 12 PM — quietNov 6, 2 PM — quietNov 6, 4 PM — quietNov 6, 6 PM — quietNov 6, 8 PM — quietNov 6, 10 PM — quietNov 7, 12 AM — quietNov 7, 2 AM — quietNov 7, 4 AM — quietNov 7, 6 AM — quietNov 7, 8 AM — quietNov 7, 10 AM — quietNov 7, 12 PM — quietNov 7, 2 PM — quietNov 7, 4 PM — quietNov 7, 6 PM — quietNov 7, 8 PM — quietNov 7, 10 PM — quietNov 8, 12 AM — quietNov 8, 2 AM — quietNov 8, 4 AM — quietNov 8, 6 AM — quietNov 8, 8 AM — quietNov 8, 10 AM — quietNov 8, 12 PM — quietNov 8, 2 PM — quietNov 8, 4 PM — quietNov 8, 6 PM — quietNov 8, 8 PM — quietNov 8, 10 PM — quietNov 9, 12 AM — quietNov 9, 2 AM — quietNov 9, 4 AM — quietNov 9, 6 AM — quietNov 9, 8 AM — quietNov 9, 10 AM — quietNov 9, 12 PM — quietNov 9, 2 PM — quietNov 9, 4 PM — quietNov 9, 6 PM — quietNov 9, 8 PM — quietNov 9, 10 PM — quietYesterday, 12 AM — quietYesterday, 2 AM — quietYesterday, 4 AM — quietYesterday, 6 AM — quietYesterday, 8 AM — quietYesterday, 10 AM — quietYesterday, 12 PM — quietYesterday, 2 PM — quietYesterday, 4 PM — quietYesterday, 6 PM — quietYesterday, 8 PM — quietYesterday, 10 PM — quietToday, 12 AM — quietToday, 2 AM — quietToday, 4 AM — quietToday, 6 AM — quietToday, 8 AM — quietToday, 10 AM — quietToday, 12 PM — quietToday, 2 PM — quietToday, 4 PM — quietToday, 6 PM — quietToday, 8 PM — quietToday, 10 PM — quiet 1–2
1–2Foodtastic launches unsolicited C$1…
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What was reported 2 claims about this development

  1. 1 outlet Foodtastic proposes C$1 billion MTY takeover after rebuffed approaches - Bloomberg

    first by Investing.com News, 8d ago

  2. 1 outlet Foodtastic is making an unsolicited bid of about $720 million for MTY Food Group

    first by Quartz, 8d ago

All 2 developments of Foodtastic launches C$1 billion hostile bid for MTY Food… →

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