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MTY Food Group Inc. (MTY.TO)

MTY.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MTY Food Group Increases Its Quarterly Dividend By 30%
Monday, 15 Jan 2018 

Jan 15 (Reuters) - MTY Food Group Inc ::MTY INCREASES ITS QUARTERLY DIVIDEND BY 30%.MTY FOOD GROUP INC - ‍ANNOUNCES AN INCREASE OF 30% OF ITS QUARTERLY DIVIDEND PAYMENT, WHICH INCREASES FROM 11.5¢ PER SHARE TO 15¢ PER SHARE​.  Full Article

MTY Files Restated Financial Statements For The Three And Nine-Month Periods Ended August 31, 2017
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - MTY Food Group Inc ::MTY FILES RESTATED FINANCIAL STATEMENTS FOR THE THREE AND NINE-MONTH PERIODS ENDED AUGUST 31, 2017 - CONFIRMS THERE IS NO IMPACT ON CASH FLOWS AND BUSINESS OPERATIONS.MTY FOOD GROUP INC - ‍FILED ITS AMENDED,RESTATED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR 3,9-MONTH PERIODS ENDED AUGUST 31, 2017 AND 2016​.  Full Article

ADW Capital Partners Says Proposed Sale Of Imvescor Restaurant Group Substantially Undervalues The Company
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - ADW Capital Partners L.P.::ADW CAPITAL PARTNERS L.P. BELIEVES THE PROPOSED SALE OF IMVESCOR RESTAURANT GROUP INC. SUBSTANTIALLY UNDERVALUES THE COMPANY.ADW CAPITAL PARTNERS LP - ADW CAPITAL ALONG WITH ITS AFFILIATES HOLD APPROXIMATELY 14% OF IMVESCOR RESTAURANT GROUP ON A NON-DILUTED BASIS.ADW CAPITAL PARTNERS L.P. SAYS DO NOT INTEND TO SUPPORT CURRENT TRANSACTION WITH MTY FOOD GROUP "AT THIS LEVEL".  Full Article

MTY announces intention to restate its financial statements and management discussion and analysis
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - MTY Food Group Inc :MTY announces its intention to restate its financial statements and management discussion and analysis.MTY Food Group Inc - ‍intends to restate its consolidated financial statements for year ended Nov 2016 and 3 and 9-month period ended August 31, 2017​.MTY Food Group -‍determined methodology used to calculate fair value of liability related to Kahala Gift Cards at time of acquisition was inappropriate​.MTY Food - ‍restatement of financial statements has no impact on past, current, future cash flows of MTY and in no way affects co's business operations​.  Full Article

MTY Food Group enters into agreement to acquire Counter Custom Burgers and Built Custom Burgers
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Mty Food Group Inc :Mty Food Group Inc enters into an agreement to acquire the counter custom burgers and built custom burgers.Mty Food Group Inc - ‍total consideration for transaction will be financed using MTY's cash on hand and existing credit facilities​.Mty Food Group Inc - ‍following deal closing , head office of counter and built will be moved from its current location in Culver City to Scottsdale​.  Full Article

MTY reports Q3 earnings per share C$0.71
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - MTY Food Group Inc :MTY reports results for the third quarter of its 2017 fiscal period.Q3 same store sales rose 0.7 percent.Q3 earnings per share C$0.71.Q3 earnings per share view C$0.71 -- Thomson Reuters I/B/E/S.Mty food group inc qtrly revenue $73.6 million, up 39 pct‍​.Q3 revenue view C$77.4 million -- Thomson Reuters I/B/E/S.  Full Article

MTY Food Group says Q2 same store sales fell 0.5 pct
Thursday, 7 Jul 2016 

MTY Food Group Inc : MTY reports results for the second quarter of its 2016 fiscal period . Q2 system sales C$274.8 million . Q2 same store sales fell 0.5 percent . Qtrly earnings per share $0.44 . Qtrly revenues $35.4 million versus $38.4 million .Q2 earnings per share view c$0.40, revenue view c$37.5 million -- Thomson Reuters I/B/E/S.  Full Article

MTY to buy Kahala Brands for a total of about $300 mln
Wednesday, 25 May 2016 

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.  Full Article