MTY Food Group to acquire casual dining franchisor and operator BBQ Holdings Inc.
Source Globe and Mail
MTY Food Group Inc.
MTY-T +4.01% increase has entered into a definitive merger agreement with BBQ Holdings Inc.
The operator and franchisor of restaurants like Baton Rouge Steakhouse and Bar, Big Smoke Burger and Manchu Wok will acquire all of the issued and outstanding common shares of BBQ Holdings for cash consideration of US$17.25 per share representing a total transaction value of approximately US$200 million, including BBQ Holdings' net debt.