Majority Shareholder Offers $630M to Fully Acquire Restaurant Brands
Restaurant Brands, a leading fast food operator, has received a full takeover bid from its majority shareholder, Finaccess Restauración. The offer values the company at $630 million, with a 71% premium on the last closing price.
Finaccess, which already owns 75% of Restaurant Brands, operates various fast food brands in New Zealand, Australia, California, and Hawaii. The offer, priced at $5.05 per share, is final and will not be increased. Restaurant Brands, with 516 stores across New Zealand, Australia, California, Hawaii, Saipan, and Guam, is expected to be fully acquired in 29 working days, with Accident Compensation Corp already agreeing to the offer.
The founder or main shareholder of Finaccess Restauración, who is making this significant acquisition, remains undisclosed. The takeover, if successful, will consolidate Finaccess's control over Restaurant Brands, potentially reshaping the fast food landscape in the regions where both operate.
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