MTY Food Group Inc. Completes Tender Offer for Papa Murphy’s


MONTREAL — MTY Food Group Inc. has successfully completed its previously announced offer to purchase all outstanding shares of common stock of Papa Murphy’s Holdings, Inc. The tender offer was effected by MTY Columbia Merger Sub, Inc. (Merger Sub), a wholly owned subsidiary of MTY.

MTY will complete its acquisition of Papa Murphy’s through consummation of a merger of Merger Sub, with and into Papa Murphy’s. Following the merger, Papa Murphy’s will be a wholly-owned subsidiary of MTY and shares of common stock of Papa Murphy’s will cease to be traded on the Nasdaq Stock Market.

Papa Murphy’s is a franchisor and operator of the largest take-and-bake pizza brand and the fifth-largest pizza chain in the U.S., with more than 140 location in the U.S., Canada and the UAE. In addition to scratch-made pizzas, Papa Murphy’s offers a growing menu of grab-and-go items, including salads, sides and desserts.

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