M2 EQUITYBITES-July 25, 2016-Kahala Brands Wins Shareholder Nod for
MTY Food Merger
MTY is the franchisor and operator of approximately 2,700 restaurants, operating mainly in Canada and in 14 other countries around the world.
Total consideration for the transaction is estimated at USD 27m in cash, to be financed using
MTY's existing credit facilities.
MTY Food Group franchises and operates quick-service restaurants in Canada.
9 April 2018 - French bakery-cafA(c) company Groupe Le Duff's US-based Le Duff America affiliate has completed the sale of two of its Canadian brands, Timothy's World Coffee and mmmuffins, to a wholly owned subsidiary of
MTY Food Group Inc, the group said.
Kahala Brands is a wholly owned subsidiary of Canada-based
MTY Food Group Inc.
The consideration paid on closing was paid in cash, financed from
MTY's cash on hand.