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Papa Murphy’s is now owned by MTY’s

Papa Murphy’s is now wholly-owned by the MTY Food Group.
Papa Murphy’s is now wholly-owned by the MTY Food Group.

Papa Murphy’s is now owned by the MTY Food Group, thanks to a consummation of a merger of its wholly-owned subsidiary MTY Columbia Merger Sub Inc.

Through the agreement, MTY has acquired all of the issued and outstanding shares of common stock of the pizza brand in a deal totalling $253.2 million (US$190 million) with shares now valued at $6.45. The restaurant will now operate as indirect wholly-owned subsidiary of MTY with its support centre in Vancouver, Washington.

In this deal, National Bank Financial, Fasken Martineau DuMoulin LLP, and Morrison & Foerster assisted MTY; North Point Financial and Perkins Cole helped PM.

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