Marquee Brands Leads Deal to Take Roots Corporation Private

Marquee Brands has partnered with JM&A Design and Development Inc. to take Roots Corporation private in a cash transaction valued at C$4.10 per share. The offer represents a 36% premium over the closing price from March 2, 2026, which was the final trading day before Roots began a strategic review process.

Under the terms of the agreement, JM&A Design and Development Inc. will act as the operating partner, acquiring all outstanding common shares. JM&A will manage the design, manufacturing, distribution, and retail operations for the brand across the United States and Canada, including the oversight of more than 100 stores. Roots Corporation will maintain its headquarters in Toronto.

The transaction requires approval from the Ontario Court of Justice, clearance under the Competition Act of Canada, and a shareholder vote scheduled for October 2026. The companies target a closing date in the fourth quarter of 2026, at which point Roots will be delisted from the Toronto Stock Exchange.