9/6/2023 0 Comments Wipe pro 17.25![]() As of August 9, 2022, BBQ Holdings operates over 200 franchised and over 100 corporate-owned restaurants. Its flagship restaurant brands operate under the “Famous Dave’s”, “Village Inn”, “Barrio Queen”, and “Granite City”, banners. Upon completion of the Transaction, BBQ Holdings will become a subsidiary of MTY and the shares of BBQ Holdings will be de-listed from NASDAQ.īBQ Holdings is a franchisor and operator of casual and fast casual dining restaurants across 37 states in the U.S., Canada, and United Arab Emirates. ![]() The Transaction is subject to customary closing conditions including receipt of applicable regulatory approvals. ![]() The terms and conditions of the Merger Agreement were unanimously approved by the Boards of Directors of both companies. (“BBQ Holdings”) (NASDAQ:BBQ) today announced they have entered into a definitive merger agreement (the “Merger Agreement”) under which MTY would acquire all of the issued and outstanding common shares of BBQ Holdings for cash consideration of US$17.25 per BBQ Holdings share representing total transaction value of approximately US$200 million (C$257 million) (the “Transaction”), including BBQ Holdings’ net debt. (“MTY” or the “Company”) (TSX:MTY) and BBQ Holdings, Inc. 09, 2022 (GLOBE NEWSWIRE) - MONTREAL , August 9 th, 2022 - MTY Food Group Inc.
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