Papa Murphy's to be acquired by MTY Food Group for $6.45/share

• 2014 IPO

 

MTY Food Group

Papa Murphy's to be acquired by Canadian company MTY Food Group for $6.45/share in cash, or approximately $190 mln

Papa Murphy's is a franchisor and operator of the largest Take ‘n’ Bake pizza brand and the 5th largest pizza chain in the United States, selling fresh, hand-crafted pizzas ready for customers to bake at home. In addition to scratch-made pizzas, Papa Murphy’s offers a growing menu of grab 'n' go items, including salads, sides and desserts. Papa Murphy’s was founded in 1981 and operated 1,331 franchised and 106 corporate-owned stores in 37 U.S. states, Canada and the United Arab Emirates as of December 31, 2018.

** charts before announcement **