Deal Snapshot
MTY Food Group to Acquire Restaurant Operator BBQ Holdings for USD 200m
Friday 12 August 2022

Canada-based restaurant franchisor MTY Food Group Inc (TSX: MTY) has entered into a definitive merger agreement under which it will acquire all of the issued and outstanding common shares of US-based restaurant franchisor and operator BBQ Holdings, Inc (NASDAQ: BBQ) for cash consideration of USD 17.25 per BBQ Holdings share representing total transaction value of approximately USD 200m (CDN 257m), including BBQ Holdings' net debt, the group said.

The terms and conditions of the merger agreement were unanimously approved by the boards of directors of both companies. The transaction is subject to customary closing conditions including receipt of applicable regulatory approvals.

Date Published: 12/08/2022