Papa Muphy’s shareholders woke up this morning to a welcome surprise! Shares were up greater than 30% on news of a merger with MTY Food Group. The buyout price was $6.45 per share which was a great one day pop in the price. That said shareholders since the IPO have lost value. Shares went public in 2014 for $11 per share.
MTY is a leading franchisor in the North American restaurant industry. MTY’s multi-concept model allows MTY to position itself across a broad range of demographic, economic and geographic sectors. As at February 28, 2019 , its network had 5,941 locations in operation, mostly all franchised, including over 500 locations operating in 39 countries outside North America.
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. Today, the company operates 1,331 franchised and 106 corporate-owned stores in 37 U.S. states, Canada and the UAE.
