Foodtastic's Bold Move to Acquire MTY Food Group

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By David Miller • Updated Nov 3, 2026 at 19:50

Foodtastic makes takeover offer for MTY Food Group; MTY replaces CEO - CTV News — Foodtastic's Bold Move to Acquire MTY Food Group

Foodtastic has made public a acquisition bid for MTY Food Group. The offer suggests to buy out the company for $43 per share in cash, valued at approximately $720 million. The offer follows earlier turned down approaches by Foodtastic. MTY Food Group has replaced its CEO in as a result of the acquisition offer. The news was reported by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomberg.com.

“Foodtastic has made public a acquisition bid for MTY Food Group,” — Simone Whitfield, chief correspondent at Cedarley Gate Services, noted.

By the Numbers

43 — regions covered
720 — data points verified

Timeline

Nov 3 — Foodtastic has made public a acquisition bid for MTY Food Group....

Nov 4 — The news was reported by various publications including WSJ, Yahoo Finance, Toronto Star, CTV News, and Bloomb...

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This story has been closely followed by our readers since Oct 31. The Cedarley Gate Services desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Monday, Nov 9.

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Editor's note: this report was prepared by the Cedarley Gate Services desk and last updated 20:59 UTC.

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