MTY Food Group Inc.

09:56 AM EST - MTY Food Group Inc. : Announced today that one of its wholly-owned subsidiaries has acquired substantially most of the assets of Casa Grecque. The total consideration for the transaction is approximately $22.35 million, subject to customary post-closing adjustments. A total of approximately $20.91 million was paid on closing, financed from MTY's cash on hand and existing credit facilities, while $0.19 million in net liabilities was assumed and $1.25 million was held back. MTY Food Group Inc. shares T.MTY are trading up $0.82 at $63.81.