TRUBAR Inc. announced on November 24, 2025, that it has entered into an arrangement agreement with 1564128 B.C. Unlimited Liability Company, an affiliate of Turkish consumer products company ETI Gida, for the acquisition of all outstanding common shares. Under the agreement, shareholders will receive C$1.64 per common share for aggregate consideration of approximately C$201 million. The offer represents a 64 percent premium to the last closing price of C$1.00 on November 21, 2025, and a 102 percent premium to the 60-day volume-weighted average price.

TRUBAR's special committee of independent directors engaged MNP LLP as financial advisor, which issued a verbal fairness opinion on November 22, 2025, confirming the consideration is fair from a financial perspective. The board unanimously approved the arrangement and recommends shareholder approval at a special meeting anticipated for January 2026, with closing expected in the first quarter of 2026. The arrangement includes a termination fee of US$5,000,000 in certain circumstances.

Legal counsel to the special committee and company is Norton Rose Fulbright Canada LLP, with MNP LLP serving as financial advisor and Clarus Securities Inc. providing financial advisory services. Counsel to the purchaser includes Winston & Strawn LLP and Stikeman Elliott LLP. Following completion, TRUBAR's common shares will be delisted from the TSX Venture Exchange.