Articles from Foodtastic

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 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

Pita PitTM is thrilled to announce its collaboration with Marvel Studios’ The Marvels to launch an epic contest to celebrate the release of the film, only in theatres November 10th, and a chance to win exclusive prizes. The grand prize being a trip to Toronto to attend a special advance screening of the movie. Along with the contest, Pita Pit is also launching a new limited-edition Cosmic Banana Chai Smoothie, inspired by the characters and colours of the film, available at Pita Pit locations across Canada starting October 2nd.