Kahala shareholders OK $300 mln acquisition by MTY

Shareholders of Kahala Brands Ltd have approved the company's acquisition by MTY Food Group Inc (TSX: MTY), a Montréal-based quick-service restaurant franchisor and operator. The deal, announced earlier this year, reflects a total consideration of US$300 million. Scottsdale, Arizona-based Kahala has been a portfolio company of Canadian private equity firms Serruya Private Equity and Delavaco Group since August 2013.

DealsCanadaNorth AmericaBriefs