Travel & Entertainment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 8:19 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #57. MTY Food Group Inc. — SushiGo
Acquirer:
MTY Food Group Inc. (TSE:MTY.CA)
Acquiree:
SushiGo
Details:
MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of quick service restaurants, announced today that its wholly-owned subsidiary MTY Tiki Ming Enterprises Inc. has entered into a binding agreement to acquire most of the assets of Gestion SushiGo - Sesame Inc. (www.sushigoexpress.ca), 9161-9379 Quebec Inc. and 9201-0560 Quebec Inc. for a total consideration of $1.05 million to be paid in cash.
MTY Food Group is a franchisor engaged in the quick service food industry. Co.'s activities consist of franchising and operating quick service restaurants under the following banners: Tiki Ming, Sukiyaki, La Cremiere, Caferama, Au Vieux Duluth Express, Carrefour Oriental, Panini Pizza Pasta, Chick 'N' Chick, Franx Supreme, Croissant Plus, Villa Madina, Cultures, Thai Express, Mrs. Vanelli's, Kim Chi, "TCBY", Yogen Früz, Sushi Shop, Koya Japan, Vie & Nam, Tandori, O'Burger, Tutti Frutti, Taco Time, Country Style, Bunsmaster and Valentine. As of Nov 30 2010, Co. had 1,727 stores in operation, of which 1,701 stores were franchised and 26 stores were operated by Co.
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