Announced
Financials
Sources
Tags
Friendly
Restaurants and Bars
Canada
Acquisition
chain of restaurants
Pending
Single Bidder
Majority
Domestic
Public
Synopsis
Foodtastic, a franchisor of multiple restaurant concepts, agreed to acquire Freshii, a restaurant franchise, for $74m. “This all-cash transaction delivers immediate and certain liquidity to Freshii’s shareholders at a price that represents a significant premium to the market price of Freshii’s shares. We believe it represents a compelling opportunity for Freshii’s shareholders,” Stephen Smith, Freshii Chair of the Special Committee.
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