Aug 19 (Reuters) - MTY Food Group Inc. MTY.TO :
* Enters into an agreement to acquire 60% of big smoke burger
* Says consideration for the transaction is expected to be $3 million, paid
from mty's cash on hand
* Says consideration for the transaction is expected to be $3 million, paid
from mty's cash on hand
* Says mustafa yusuf, the current owner and president of big smoke, will retain
40% of the company
* Mustafa yusuf will continue in his functions following the conclusion of the
transaction
* Says following the closing of the transaction, the operations will be
relocated to mty's offices in Richmond Hill, Ontario
* Says unit MTY tiki ming enterprises inc has reached a binding agreement to
acquire 60% of big smoke burger
* Source text for Eikon ID:nCNWVBGC3a
* Further company coverage MTY.TO