Freshii shareholders approve acquisition by Montreal-based Foodtastic
BNN Bloomberg
Freshii Inc. says its shareholders have approved the sale of the healthy fast-food chain to Montreal-based Foodtastic Inc.
The deal, announced in December, will see franchisor Foodtastic add Freshii to its portfolio, joining Second Cup, Pita Pit, Milestones and other well-known food brands.
Foodtastic will acquire Freshii at $2.30 per share in a deal valued at $74.4 million.
The company said in December that the acquisition of Freshii will help put it on track to reach its goal of a billion dollars in system-wide sales in Canada by the spring.
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