Foodtastic Proposes to Acquire MTY Food Group for $43 Per Share in Cash
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Foodtastic Inc. (“Foodtastic”), a Canadian restaurant franchisor, today made public its proposal to acquire all outstanding shares of MTY Food Group Inc. (“MTY”) (TSX: MTY) for $43 per share in cash (the “Proposed Transaction”), which would deliver certain value to shareholders at a significant premium. Specifically, the purchase price represents a 32% premium to MTY’s current share price and a 37% premium to MTY’s 30-day volume-weighted average price.1
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MONTREAL--(BUSINESS WIRE)-- Foodtastic Inc. (“Foodtastic”), a Canadian restaurant franchisor, today made public its proposal to acquire all outstanding shares of MTY Food Group Inc. (“MTY”) (TSX: MTY) for $43 per share in cash (the “Proposed Transaction”), which would deliver certain value to shareholders at a significant premium. Specifically, the purchase price represents a 32% premium to MTY’s current share price and a 37% premium to MTY’s 30-day volume-weighted average price.1
Foodtastic first communicated its proposal to MTY in written form on October 15, 2026 and reiterated it on October 20, 2026, only to be repeatedly rebuffed by MTY. Foodtastic today also issued a public letter to MTY’s Board of Directors in connection with the Proposed Transaction. The full text of that letter is reproduced below.
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