Burger King owner Restaurant Brands buys chain's largest U.S. franchisee
Restaurant Brands International is buying Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for about 9.55 per share to acquire Carrols, which operates more than 1,000 Burger King restaurants and 60 Popeyes locations. Carrols' stock closed at 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 ...