Oct. 13, 2010 at 8:50 a.m.
Filed under:
Food,
M&A,
Restaurants
By Reuters
Burger King Holdings Inc .said it did not get any superior buyout offers during the “go-shop” period following its agreement to sell itself to investment firm 3G Capital for $3.26 billion.
The world’s second-largest hamburger chain had time until Oct. 12 to solicit a richer offer from other buyers. Get the full story »
Sep. 9, 2010 at 11:47 a.m.
Filed under:
Food,
Franchises,
Personnel moves,
Restaurants
By Associated Press
Burger King’s soon-to-be new owners have named a former Latin American railroad executive to be CEO of the fast-food chain after the $3.26 billion deal goes through.
The appointment of Bernardo Hees by 3G Capital is a signal that the investment firm is serious about expanding the Burger King brand further into Latin America and elsewhere abroad. Get the full story »
Sep. 2, 2010 at 8:28 a.m.
Filed under:
Food,
Franchises,
M&A,
Restaurants
By Dow Jones Newswires-Wall Street Journal
Burger King's Miami headquarters. (Joe Raedle/Getty)
Burger King Holdings Inc. confirmed that New York-based 3G Capital Management has signed a deal to buy the company for $24 a share.
The total deal, including both equity and debt, is around $4 billion and is expected to closed before the end of the year. Burger King said it may solicit better offers through mid-October. Banks are expected to finance about $2.8 billion of the total deal value. Get the full story »