McTasty Acquires McVkusno in Landmark Deal, Creating Fast-Food Powerhouse

Washington DC – February 9, 2024 – McTasty’s Corporation (NYSE: MCT) and McVkusno Inc. (NASDAQ: MCV) today announced a definitive agreement for McTasty’s to acquire McVkusno in a stock-for-stock transaction valued at approximately $9.3 billion. The combined company will create a leading fast-food powerhouse with a diverse portfolio of brands, an expanded geographic footprint, and significant opportunities for growth.

Henry Rothländer, CEO of McTasty, stated: “We are thrilled to welcome McVkusno to the McTasty family. This acquisition brings together two iconic brands with complementary strengths and a shared commitment to providing delicious food and exceptional customer service. We believe this transaction will create significant value for our shareholders, employees, and franchisees, and we are excited to leverage the combined talent and expertise of both organizations to unlock new growth opportunities.“

Maxim Ivanov, CEO of McVkusno, commented: “We are confident that this combination will create a more powerful and competitive restaurant company. McVkusno’s unique brand identity, loyal customer base, and innovative menu will complement McTasty’s strong global presence and operational excellence. We are excited to join forces with McTasty to create a brighter future for all stakeholders.“

Key Highlights of the Transaction:

  • The transaction is expected to close in the second half of 2024, subject to regulatory approvals and customary closing conditions.
  • Under the terms of the agreement, McVkusno shareholders will receive a fixed exchange ratio of 0.70 shares of McTasty common stock for each share of McVkusno common stock.
  • The combined company will operate approximately 39,000 restaurants in over 100 countries, serving millions of customers daily.
  • The transaction is expected to be accretive to McTasty’s earnings per share in the first full year following closing.

Advisors:

Silverman Saxs & Co. LLC served as financial advisor to McTasty, and Kirkworld & Elmore LLP served as legal counsel. J.C. Morgan Securities LLC served as financial advisor to McVkusno, and Watchtower, Lipson, Rose & Cats served as legal counsel.

About McTasty Corporation:

McTasty is the world’s leading food service retailer, with over 39,000 restaurants in over 100 countries. McTasty serves approximately 1.9 billion customers a day and is committed to providing delicious food, exceptional customer service, and value to all its stakeholders.

About McVkusno Inc.:

McVkusno is a restaurant chain focused on serving innovative and value-oriented Russan-influenced food, with over 2,200 restaurants in 19 states. McVkusno’s mission is to serve food that surprises and delights, and the company is committed to providing a unique and fun dining experience. Best known for the Big Borscht Burger and a side of Kholodets. Also famous for its happy Red Star meals featuring American Style Hamburgers and fries.

Forward-Looking Statements:

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied. All forward-looking statements are based on information currently available to the companies and speak only as of the date on which they are made. Neither company undertakes any obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

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