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Majority Shareholder Offers $630M to Take Over Restaurant Brands

A $630 million takeover bid could transform Restaurant Brands. Will the chairman's leadership guide the company through this significant change?

In this image there is a super market, in that super market there are groceries.
In this image there is a super market, in that super market there are groceries.

Majority Shareholder Offers $630M to Take Over Restaurant Brands

Restaurant Brands, operator of popular fast food chains across New Zealand, Australia, California, and Hawaii, has received a full takeover bid from its majority shareholder, Finaccess Restauración. The offer values the company at a hefty $630 million.

Finaccess, which already owns a 75% stake in Restaurant Brands, has proposed to acquire the remaining shares at $5.05 each. This price represents a significant 71% premium over the last closing price. The offer is set to close in 29 working days, with Accident Compensation Corp already agreeing to accept it.

The 38-year-old chairman of Restaurant Brands' executive board, who took up the position on March 1, 2023, will likely play a key role in navigating these changes. Despite the lack of a named source, his leadership will be crucial in this major transition.

If successful, Finaccess's takeover will consolidate its control over Restaurant Brands, potentially reshaping the fast food landscape in the regions where the company operates. The premium offered suggests Finaccess's confidence in Restaurant Brands' future prospects.

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