MONTREAL - MTY Food Group Inc. has signed an agreement to acquire Papa Murphy’s Holdings Inc. in a deal it valued at roughly $253.2 million, including debt. Under the transaction, Montreal-based MTY will pay $8.63 in cash for each share of Papa Murphy’s, which is above Wednesday’s closing price of $6.54. MTY Food Group Inc. has signed an agreement to acquire Papa Murphy’s Holdings Inc. in a deal it valued at roughly $253.2 million, including debt. ( THE CANADIAN PRESS )Papa Murphy’s sells fresh, hand-crafted pizzas ready for customers to bake at home, as well as salads, side dishes and desserts. MTY is a franchisor and operator of a broad range of restaurants.

Source: thestar April 11, 2019 12:57 UTC