Foodtastic Launches Hostile Bid for MTY Food
The Canadian restaurant franchisor's offer values MTY Food at about US$702 million. Foodtastic said it was launching the bid after being rejected.
By Robb M. StewartCanadian 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.The parent of chains including Dunkin', Pita Pit, Quesada and Second Cup said Tuesday it was taking its o…