Burger king® company to acquire carrols restaurant group

Burger king to remodel acquired restaurants over the next 5 years, accelerating burger king's path to modern image over time, burger king to refranchise large majority of newly remodeled restaurants to smaller franchisee groups toronto , jan. 16, 2024 /prnewswire/ -- restaurant brands international inc. ("rbi" or the "company") (tsx: qsr) (nyse: qsr) (tsx: qsp) and carrols restaurant group, inc. ("carrols") (nasdaq: tast) today announced that they have reached an agreement for rbi to acquire all of carrols issued and outstanding shares that are not already held by rbi or its affiliates for $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 billion, representing a 23.1% premium to carrols 30-day volume-weighted average price as of january 12, 2024 and a 13.4% premium to the january 12, 2024 closing price.  carrols is the largest burger king® franchisee in the united states today, operating 1,022 burger king restaurants in 23 states that generated approximately $1.8 billion of system sales during the twelve-months ended september 30, 2023.
QSR Ratings Summary
QSR Quant Ranking