• MTY Food Group rejected Foodtastic's acquisition proposals and formally terminated discussions without reaching an agreement.
• The proposals, dated October 15 and October 20, 2026, each offered $43 per share.
• The board unanimously determined that pursuing the proposals was not in the best interests of the business or its shareholders.
• Foodtastic reiterated its October proposals in a public letter today.
• A strategic review concluded October 9, 2026, favoring an accelerated business plan focused on efficiency, simplification and disciplined capital allocation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MTY Food Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611031413PRIMZONEFULLFEED9869404) on November 03, 2026, and is solely responsible for the information contained therein.