One of Canada’s most recognisable restaurant empires is at the centre of a rapidly intensifying takeover battle, with rival suitors now locked in competition for control of MTY Food Group Inc. — a company whose recent financial recovery appears to have sharpened appetite for a deal. MTY, which franchises and operates more than 7,000 restaurant locations across North America under more than 90 brands including Thai Express, Mucho Burrito, and Cold Stone Creamery, posted a dramatic swing to profit in its most recent quarter, reporting net income of $32.1 million against a loss a year earlier. Free cash flow rose…
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Thanks to instruments that enable researchers to study sand and rock strata without physically excavating them, desert research throughout the Arabian Peninsula has significantly advanced over the last ten years. Through the use of satellite radar and geological imaging, Sharjah researchers have recently discovered indications that strongly imply water is still concealed deep beneath the Rub’ al Khali, maintained in subterranean formations that function similarly to sealed vaults. Years ago, I stood at the edge of the Empty Quarter and recalled how the sand’s silence felt incredibly resilient and everlasting as it stretched outward in an almost menacing calm. However,…
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