MONTREAL — MTY Food Group Inc. and Imvescor Restaurant Group Inc. have completed their previously announced amalgamation — a deal valued at approximately $247 million.
In connection with the amalgamation, the now former shareholders of Imvescor (other than dissenting shareholders) will receive, $4.10 in cash per common share in respect of approximately 20 per cent of all of the former common shares of Imvescor and 0.0785 of a common share of MTY per common share.
Following the completion of this amalgamation, MTY’s portfolio consists of 75 brands and more than 5,700 locations across North America.
