Stryve Foods has started a formal process to assess its options after securing multiple “expressions of interest”. In April, the US meat-snacks group said it had started weighing up its “strategic alternatives” in a bid to drive the growth of the business. Alongside a trading update yesterday (18 November), Stryve said it had received "multiple inquiries from interested parties". It added: "The company has received multiple inbound expressions of interest and has initiated a formal process to evaluate p ...

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Montreal, Canada-based restaurant holding company MTY Food Group has initiated a strategic review and has engaged a financial advisor to identify and evaluate potential alternatives to enhance shareholder value. The company confirmed the process following a news report from Reuters that the company hired TD Bank to explore a potential sale. In a release, MTY Food Group said it is exploring a range of options including a ...

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: MTY Food Group said on Monday that its board of directors initiated a strategic review of its operations and engaged a financial advisor to “identify, review and evaluate potential strategic alternatives,” the company said in a press statement. The company, which owns a wide range of brands with more than 7,000 total locations, said it is explo ...

MONTREAL, Nov. 17, 2025 (GLOBE NEWSWIRE) -- MTY Food Group Inc. ("MTY", "MTY Group" or the "Company") (TSX: MTY), one of the largest franchisors and operators of multiple restaurant concepts worldwide, is responding to certain statements in the media. Following a recent press article, MTY Group confirms that the Board of Directors of the Company has initiated a strategic review process and engaged a financial advisor to identify, review and evaluate potential strategic alternatives with a view toward contin ...

Core Viewpoint - Bri-Chem Corp. reported a decrease in sales for Q3 2025 compared to the same period in 2024, primarily due to lower fluid distribution sales and a decline in active land rigs in North America. However, the company showed significant improvements in adjusted EBITDA and operating earnings, indicating better operational efficiency and cost management [1][4][8]. Financial Performance - Consolidated sales for Q3 2025 were $18.2 million, down from $22 million in Q3 2024, reflecting a decrease of $3.8 million or 17% [2][4]. - Adjusted EBITDA increased to $836 thousand in Q3 2025, up 42% from $588 thousand in Q3 2024, with adjusted EBITDA as a percentage of revenue rising from 3% to 5% [2][8]. - Operating earnings rose to $576 thousand in Q3 2025, a 146% increase from $234 thousand in the same period last year [2][8]. - Net earnings for Q3 2025 were $160 thousand, compared to a net loss of $269 thousand in Q3 2024, marking a significant turnaround [2][8]. Sales Breakdown - Canadian drilling fluids distribution sales were $2.3 million, a 41% decrease from the prior year, attributed to a reduction in active land rigs [5]. - U.S. drilling fluids distribution sales were $9.5 million, down 19% from $11.7 million in Q3 2024, with an average of 525 active land rigs in Q3 2025, a decrease of approximately 7% from the previous year [6]. - Canadian blending and packaging sales decreased to $3.7 million, down 19% from $4.6 million in Q3 2024, while U.S. blending and packaging sales increased by 49% to $2.7 million due to higher cementing activities [7]. Financial Position - Total assets decreased by 14% to $48.9 million compared to $57.1 million in the previous year [2]. - Working capital fell by 21% to $10.8 million, primarily due to a significant decrease in accounts receivables and inventory [2][4]. - Long-term debt slightly decreased by 4% to $6.3 million, while shareholders' equity was down 8% to $19.5 million [2]. Market Outlook - The North American energy sector is expected to stabilize, with modest growth anticipated in early 2026 as drilling and completion programs increase in response to improved price stability [9][10]. - In Canada, drilling activity is projected to follow seasonal trends, with winter drilling expected to provide a moderate uplift in demand [10]. - In the U.S., rig counts are expected to stabilize and gradually strengthen, particularly in the Permian Basin, supporting steady demand for Bri-Chem's products [11]. Strategic Initiatives - Following the recent Annual General Meeting, Bri-Chem appointed a new Board of Directors to enhance operational performance and long-term shareholder value [13]. - The company will conduct a comprehensive strategic review of all business units to evaluate performance and profitability, aiming to improve capital allocation and operational focus [14]. - Management emphasizes liquidity preservation and cost efficiency to sustain margin performance amid competitive pricing [12][15].

This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Centerspace confirmed that earlier this fall, its Board of Trustees initiated a review of the REIT's strategic alternatives, in a press release posted Tuesday.  The board, with the support of its independent financial and legal advisors, will consider a range of options, including a sale, merger and other business combinations. Centerspace, which owns more th ...

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Core Viewpoint - Tuktu Resources Ltd. is responding to a requisition from shareholders holding approximately 31% of the company's outstanding shares by scheduling a special meeting to discuss governance matters [1][4]. Group 1: Company Governance - The Board of Directors does not support the proposed actions by the requisitioning shareholders [2]. - The Board expresses confidence in the company's strategic direction under the leadership of the newly appointed CEO, Mr. Jeremy Hodder, who is conducting a comprehensive strategic review of the company's oil and gas assets [3]. Group 2: Strategic Direction - Mr. Hodder and the newly constituted technical team are focused on enhancing underperforming assets and improving operational excellence [3]. - The Board looks forward to constructive dialogue with all shareholders to create long-term value [3]. Group 3: Meeting Details - The special meeting is scheduled for January 15, 2026, with the record date for determining eligible shareholders set as December 1, 2025 [4]. - Further details regarding the meeting will be provided in a management information circular and related materials [4].

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $980 million, exceeding the top end of guidance, with adjusted EBITDA of $196 million and adjusted EPS of $2.37, both surpassing expectations [4][12] - The company recorded a non-cash impairment charge of $709 million during the quarter, reflecting an accounting-driven valuation adjustment [3][13] - Operating cash flow exceeded $176 million, up 12.5% year-over-year, and free cash flow was over $156 million [13] Business Line Data and Key Metrics Changes - Commercial food service segment achieved 1.6% organic revenue growth, with revenues of $606 million and an EBITDA margin of nearly 27% [11][12] - Residential segment revenues were nearly $175 million, with an EBITDA margin slightly below 10%, negatively impacted by tariffs [11][12] - Food processing segment revenues exceeded $201 million, with an organic EBITDA margin of 21% [12] Market Data and Key Metrics Changes - The residential market remains challenging, but the company believes it is well-positioned for recovery [3] - The commercial food service segment saw positive organic growth driven by general market conditions and institutional customers, despite softness among large QSR customers [5][11] - International markets for food processing are improving, offsetting continued softness in the U.S. [7] Company Strategy and Development Direction - The company is undertaking a strategic review of its business portfolio, including a planned spin-off of its food processing business targeted for completion in Q2 2026 [2][18] - Investments in innovative technologies and strengthening local sales support are part of the strategy to drive long-term shareholder value [4][9] - The company is focusing on expanding its ice and beverage platform as a core growth driver [5][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, stating that it is stronger than ever and well-positioned to capitalize on market normalization [9][10] - The company anticipates a strong Q4, with total revenue expected between $990 million and $1.02 billion [16] - Management highlighted the importance of strategic investments in new and growing markets, particularly in ice and beverage solutions [9][10] Other Important Information - The company has reduced its share count by 6.4% during 2025 through significant share repurchase activities [15] - Tariff impacts were noted, with an adverse net impact to EBITDA in Q3 of approximately $12 million, expected to be $5-$10 million in Q4 [13] Q&A Session Summary Question: What is the status of the strategic evaluation of the company? - Management confirmed significant progress in separating the food processing business and plans to provide more details in Q4 [24][25] Question: What is driving the expected decline in commercial food service for Q4? - Management noted that QSR traffic remains a challenge, impacting sequential revenue growth, but emphasized strength in other areas [27][30] Question: How are tariffs affecting pricing and customer reception? - Management indicated that they have taken a thoughtful approach to pricing in response to tariffs and expect to cover tariff impacts through pricing and operational initiatives by year-end [45][46] Question: What are the key drivers for improved order growth in food processing? - Management highlighted increased investments in protein markets and automation solutions as key drivers for improved order growth [47][48] Question: How is the company addressing margin pressures in food processing? - Management noted that they are taking actions on pricing and operational efficiency to improve margins, with expectations for better performance in Q4 and 2026 [56][59]

Company is progressing its previously initiated strategic review evaluating a range of options to maximize shareholder value, including assessment of internal pipeline opportunities and broader strategic alternatives12-week, non-clinical toxicology study of VYN202 in dogs to remedy the partial hold in male clinical subjects is ongoing; Company continues to evaluate potential opportunities for VYN202 as a treatment for serious, immune-mediated diseases Cash runway into first half of 2027 based on previously ...