MTY Food Group buying Papa Murphy’s Holdings in deal valued at $253.2 million

MTY Food Group buying Papa Murphy’s Holdings in deal valued at $253.2 million
MONTREAL — MTY Food Group Inc. has signed an agreement to acquire Papa Murphy’s Holdings Inc. in a deal it valued at roughly US$190.0 million or C$253.2 million, including debt. Under the transaction, Montreal-based MTY will pay US$6.45 in cash for each share of Papa Murphy’s, which is about 32 per cent above Wednesday’s closing price of US$4.89. Papa Murphy’s sells fresh,... Read More

Activist investors to withhold votes from key TransAlta directors

Activist investors to withhold votes from key TransAlta directors
CALGARY — Activist shareholders say they’re withholding support for three of TransAlta Corp.’s directors at the upcoming annual meeting to protest a $750-million deal between the utility company and Brookfield Renewable Partners. The protest is led by Mangrove Partners of New York City and Bluescape Energy Partners of Dallas, which collectively control about 10 per cent of TransAlta’s shares. They say they’ll withhold their votes... Read More

First genetically modified salmon to hit Canadian stores as Ottawa gives its OK

First genetically modified salmon to hit Canadian stores as Ottawa gives its OK
HALIFAX — Genetically modified salmon raised in Prince Edward Island are poised for the leap to grocery shelves, a Canadian first that has left traditional producers concerned about setting their farmed fish apart. Environment Canada recently gave notice it has approved U.S.-based AquaBounty to grow the salmon at its site about 74 kilometres east of Charlottetown. AquaBounty said in a release... Read More