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Foodtastic Offers $750 Million for Restaurant Franchisor MTY
Source: Bloomberg
M&A & RestructuringConsumer Demand & Retail
Foodtastic has offered to acquire Canadian franchisor MTY Food Group for about C$1 billion (US$720 million), according to a letter reviewed by Bloomberg News. The offer follows two earlier approaches that MTY rebuffed; the article does not say whether MTY will accept the latest proposal.
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