MTY confirms strategic review under way

Executive Summary

• MTY Food Group Inc. has initiated a strategic review process following recent media statements, engaging a financial adviser to evaluate potential strategic alternatives.
• The company is exploring a range of options, including the sale of all or part of the business, as well as continuing to execute its current business plan.
• The company stated there is no assurance that any transaction will occur and will not make further comments unless required by law or appropriate for disclosure.

Key Details

• Strategic Review: The Board of Directors has initiated a review to identify, review, and evaluate potential strategic alternatives aimed at enhancing shareholder value.
• Financial Adviser: A financial adviser has been engaged to assist in the evaluation process.
• Potential Alternatives: The review includes, but is not limited to, a sale of all or part of the company and continuing to execute the current business plan.
• Disclosure Policy: The company does not intend to make additional comments unless further disclosure is appropriate or required by law.

Notable Quotes

• "MTY Group confirms that the board of directors of the company has initiated a strategic review process and engaged a financial adviser to identify, review and evaluate potential strategic alternatives with a view toward continuing to enhance shareholder value."
• "The company is exploring a range of such alternatives, including, but not limited to, a sale of all or part of the company as well as continuing to execute its current business plan."