Canada NewsWire
MONTREAL, Feb. 15, 2018
/NOT FOR DISTRIBUTION IN THE UNITED STATES/
MONTREAL, Feb. 15, 2018 /CNW Telbec/ - Imvescor Restaurant
Group Inc. (TSX: IRG) ("IRG" or the "Company") is pleased to announce that the Commissioner of
Competition (the "Commissioner") has issued a "no-action" letter in connection with the previously announced
amalgamation (the "Amalgamation") under Section 181 of the Canada Business Corporations Act involving IRG and
a wholly-owned subsidiary of MTY Food Group Inc. ("MTY") to be implemented in accordance with the terms of the combination
agreement dated December 11, 2017 (the "Combination Agreement") entered into between
the Company and MTY.
The no-action letter confirms that the Commissioner does not intend to challenge the Amalgamation before the Competition
Tribunal under the merger provisions of the Competition Act (Canada). The issuance of the
no-action letter satisfies the regulatory approval condition contemplated in the Combination Agreement.
The transaction remains subject to the approval of the Amalgamation resolution by at least 662/3% of the votes to
be cast by holders of common shares present in person or represented by proxy at the special meeting of shareholders to be held
on February 19, 2018 and the satisfaction or waiver of other customary closing conditions. Further
details regarding the Amalgamation are set out in the management information circular dated January 12,
2018 (the "Circular") which is available on the Company's website at www.imvescor.ca/investor-relations and on the Company's issuer
profile at www.sedar.com.
ABOUT Imvescor Restaurant Group Inc.
IRG is primarily engaged in the business of franchising and developing a system of distinctive family/mid-scale dining,
casual-dining and take-out and delivery restaurants serving high quality food. IRG's restaurants operate under the Pizza
Delight®, Toujours Mikes, Scores®, Bâton Rouge® and Ben & Florentine® brands.
IRG's business, which consists primarily of franchised restaurants and company-owned restaurants, including both take-out and
sit-down restaurants licensed to serve alcohol, and also includes licensed retail products manufactured and sold by third parties
under licence under the Pizza Delight®, Toujours Mikes, Scores® and Bâton Rouge® brands. IRG's
network of restaurants are easily identified by the Pizza Delight®, Toujours Mikes, Scores®, Bâton
Rouge® and Ben & Florentine® banners and have established a high recognition throughout the communities
they each respectively serve.
SOURCE Imvescor Restaurant Group Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2018/15/c5034.html