10:53 AM EST - MTY Food Group Inc. : Has acquired the assets of Timothy's World Coffee and Mmmuffins, from Threecaf Brands, Canada, Inc., a subsidiary of Le Duff America. The total consideration for the transaction is approximately $1.7 million, of which $1.2 million was paid on closing while $0.3 million was retained as holdback on the transaction and $0.2 million in net liabilities was assumed. The consideration paid on closing was financed from MTY's cash on hand. MTY Food Group Inc.
shares T.MTY are trading up $0.70 at $51.00.
