Burger King's parent company is buying Carrols Restaurant Group, the fast food chain's largest U.S. franchisee, for a whopping $1 billion. Restaurant Brands International Inc., which owns Burger King, Tim Hortons, Popeyes and Firehouse Subs, will purchase Carrols for $9.55 per share in an all cash transaction, the company announced Tuesday. Carrols operates 1,022 Burger King restaurants in 23 states, which brought in approximately $1.8 billion of system sales in 2023, as well as 60 Popeyes restaurants in si ...

Burger King-owner Restaurant Brands International is acquiring the largest franchisee of the fast food chain, Carrols Restaurant Group, for $1 billion in cash.Toronto-based RBI announced on Tuesday that it reached an agreement to pay $9.55 per share for Carrols, which operates 1,022 Burger King restaurants across 23 states, plus 60 Popeyes locations in 60 states.The share price represents a 23.1% premium on Carrols’ 30-day volume weighted average price as of Jan. 12, and a 13.4% premium on the Jan. 12 clos ...

Restaurant Brands International, the owner of the Burger King brand, will acquire Carrols Restaurant Group, the largest Burger King franchisee in the United States, for about $1 billion.Over the next five years, RBI will remodel about 600 of the 1,022 Burger King restaurants operated by Carrols that are “not currently considered modern image,” the company said in a Tuesday (Jan. 16) press release.It will then refranchise most of the newly acquired restaurants to smaller, local franchisees within the next se ...

BALA CYNWYD, Pa., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you. Carrols Restaurant Group, Inc. (Nasdaq - TAST) Under the terms of the agreement, Carrols will be acquired by Restaurant Brands International Inc. ("RBI") (NYSE:QSR). Carrols ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

Restaurant Brands International is buying Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for about $1 billion in cash.Restaurant Brands will pay $9.55 per share to acquire Carrols, which operates more than 1,000 Burger King restaurants and 60 Popeyes locations. Carrols' stock closed at $8.42 on Friday, giving it a market value of $459 million. The company's shares jumped more than 12% in premarket trading Tuesday.The deal is expected to be completed by the second quarter of 2024.T ...

Burger King, which is owned by Restaurant Brands International Inc. QSR, +0.33%, announced Tuesday an agreement to buy Burger King franchisee Carrols Restaurant Group Inc. TAST, +0.72% in a deal valued at $1 billion. Under terms of the deal, Carrols shareholders will receive $9.55 in cash for each Carrols share they own, which represents a 13.4% premium over Friday’s closing price of $8.42. The stock was halted for news in the premarket until 7:30 a.m. Eastern, while Restaurant Brands shares were indicated ...

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 ...

SHANGHAI, China, Jan. 16, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, announces the opening of the first seven Tims China stores in Shanghai Metro stations. The partnership will be expanded to include more Tims coffee shops in "Line 14" stations. The Tims coffee shops are conveniently located within the metro stations so commuters can grab a coffee on the go. The stores offer new and exc ...

Restaurant Brands International Inc. (QSR) reached a new 52-week high of $79.45 on Jan 10. The stock pulled back to end the trading session at $78.63, up 0.9% from the previous day’s closing price of $77.91.The current Zacks Rank #2 (Buy) company’s shares gained 25.1% in the past three months, outperforming the Zacks Retail - Restaurants industry’s 14.3% growth, the Zacks Retail-Wholesale sector’s 14.8% increase and the S&P 500 Index’s 9.5% rise.The company is benefiting from its expansion initiatives, menu ...