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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 1billionincash.RestaurantBrandswillpay1 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 8.42onFriday,givingitamarketvalueof8.42 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 ...