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Turkey’s Eti Gıda moves for Canada snacks firm Trubar
Yahoo Finance· 2025-11-27 13:48
Core Insights - Turkey-based food manufacturer Eti Gıda has agreed to acquire Canadian snacks group Trubar for C$201 million (US$143.1 million) [1] - The acquisition price of C$1.64 per common share represents a 64% premium over Trubar's share price prior to the announcement [1][2] - Trubar's board has unanimously recommended that shareholders vote in favor of the acquisition at a meeting scheduled for January [2] Company Perspectives - Kingsley Ward, Trubar's executive chairman, emphasized that the acquisition is a significant milestone for the company and aligns with their commitment to enhancing shareholder value [3] - Eti Gıda is viewed as an ideal acquirer for Trubar, given its successful history of scaling consumer packaged goods (CPG) brands over the past six decades [3]