MTY Food Group Inc : MTY enters into an agreement to acquire the shares of Kahala Brands Ltd . Total consideration for transaction is estimated at US$300 million . Transaction is expected to be immediately accretive. . MTY Food Group says cash component of consideration will be financed by MTY's cash on hand and by new credit facility that is presently being arranged . Deal with issuance of 2,253,930 shares of MTY and payment of US$240 million in cash . During 12 months following acquisition, combined entity is expected to generate over C$90 million in EBITDA .During 12 months following acquisition, combined entity is expected to generate C$250 million in revenues and C$2 billion in system sales.
Chimney Co Ltd <3178.T>:Says a Japan-based store operated by the co was ordered to suspend operation from Hamamatsu City Public Health Center based on Food Sanitation Act.
Jollibee Foods Corp : Co and Cargill Philippines, inc. , a wholly owned subsidiary of Cargill Inc. have entered into an agreement . Agreement to build and operate a poultry processing plant in Santo Tomas, Batangas In Philippines . Cargill and jfc will have a 70% and a 30% stake respectively in the joint venture . Jfc will invest 244.9 million pesos for 30% while cargill will invest 571.5 million pesos for 70% of CJPMPI .
Diversified Restaurant Holdings Inc : Announced management succession plan that advances David G. Burke, to president, CEO on January 1, 2017 . Diversified Restaurant Holdings Inc says current chairman, president and CEO, Michael Ansley, will remain as chairman of board after transition . Announces plan to evaluate strategic alternatives for Bagger Dave's restaurants . CEO Michael Ansley to retain executive chairman role upon transition .Says "we look for a new chief financial officer".