Foodtastic to acquire Freshii for $74m.

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.