Mergers & AcquisitionsMedium•5 November 2026•
1 min read
MTY Food Group Rejects $720 Million Takeover Bid
Key Facts
1MTY Food Group, the owner of Papa Murphy’s and Cold Stone, has rebuffed a $720 million takeover bid from a rival.
MTY Food Group, the owner of Papa Murphy’s and Cold Stone Creamery, has rebuffed a $720 million takeover bid from a rival. MLive.com reported that the company decided to reject the unsolicited proposal, opting to maintain its independence despite the valuation offered.
The rejection occurs amid ongoing consolidation activity within the fast-food and restaurant sectors. No further details regarding the identity of the rival entity or specific terms of the proposal were disclosed beyond the headline figure.