Mty Food Group Stock News

MONTREAL--(BUSINESS WIRE)--Foodtastic Inc. (“Foodtastic”), a Canadian restaurant franchisor, today issued the following statement responding to the misleading press release from MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY) related to Foodtastic's proposal to acquire all outstanding shares of MTY for $43 per share in cash (the “Proposed Transaction”): “Foodtastic was not able to come ...

MONTREAL, Nov. 03, 2026 (GLOBE NEWSWIRE) -- MTY Food Group Inc. (the “Corporation”) (TSX: MTY), one of the largest franchisors and operators of multiple restaurant concepts worldwide, is providing the following clarification in response to the Bloomberg News article published today and the press release and accompanying public letter issued today by Foodtastic Inc. (“Foodtastic”) regarding its ...

Canadian restaurant franchisor Foodtastic launched a hostile bid for MTY Food valuing its rival at roughly 982 million Canadian dollars, the equivalent of about US$702 million.

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'...

MTY Food Group CEO Eric Lefebvre said 45 to 50 Papa Murphy's stores will close after nearly two years of turnaround efforts failed to deliver results.

Papa Murphy's is preparing for a sizeable retreat after parent company MTY Food Group identified dozens of loss-making US restaurants for closure. MTY plans to shut 68 corporate-owned locations across its portfolio, including roughly 45 to 50 Papa Murphy's stores.