Finaccess Restauración Launches $5.05 Takeover Bid for Restaurant Brands
Finaccess Restauración, already owning 75% of Restaurant Brands, has made a full takeover offer. The major shareholder has proposed to buy the remaining shares at an offer price of $5.05 per share, a significant 71% premium to the last closing price.
Restaurant Brands, operating popular fast food brands across New Zealand, Australia, California, and Hawaii, has received this substantial offer. The company has 516 stores spread across these regions, including locations in Saipan and Guam.
The offer, set to close in 29 working days, has already gained acceptance from Accident Compensation Corp. Finaccess Restauración has stated that the offer price is final, with no intention to increase it or make a subsequent offer within the next 24 months.
Finaccess Restauración's takeover offer for Restaurant Brands is set at a premium price, reflecting the major shareholder's confidence in the company's future. With the offer already accepted by a significant shareholder and set to close in a month, the future of Restaurant Brands is poised for change.
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