Cooks Global Foods' bid for Mojo falls through

Wed, 31 Oct 2018

By Rebecca Howard Oct. 31 (BusinessDesk) - Cooks Global Foods' bid to buy Mojo Coffee Cartel for $19 million fell through when conditions weren't met. Cooks had offered to pay $11.7 million in cash, about $2 million in shares and take on $5.3 million of debt to acquire Mojo, which operates 36 cafes in Auckland and Wellington, a cafe in Chicago, Illinois, and licenses four stores in Japan and two in China. The deal relied on Cooks raising enough money to fund the cash component, and Mojo securing a lease variation and completing accep...

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