Foodtastic Offers $750 Million for Restaurant Franchisor MTY
Restaurant operator Foodtastic Inc. has offered to acquire Canadian franchisor MTY Food Group Inc. for about C$1 billion ($720 million), according to a letter reviewed by Bloomberg News, after two earlier approaches were rebuffed.
Covered by 2 sources from 2 countries. First reported by Bloomberg ·
How 2 newspapers cover this story
Foodtastic Offers $750 Million for Restaurant Franchisor MTY
Restaurant operator Foodtastic Inc. has offered to acquire Canadian franchisor MTY Food Group Inc. for about C$1 billion ($720 million), according to a letter reviewed by Bloomberg News, after two earlier approaches were rebuffed.
- The Globe and MailCanada
Restaurant franchisor Foodtastic offers $982-million for MTY
Hostile takeover offer for owner of Thai Express, Wetzel’s Pretzels, and Manchu Wok comes shortly after company replaced CEO
Coverage details
2 outlets from 2 countries are covering this story: Bloomberg and The Globe and Mail. Bloomberg published it first, on November 3, 2026; the last outlet to join was The Globe and Mail, 4 hours later.
Key names in the coverage: Restaurant Franchisor MTY, Foodtastic Offers, MTY Food Group Inc, Foodtastic Inc and Thai Express.
By country: United States (1), Canada (1).
