Restaurant Brands (QSR) to Acquire Carrols Restaurant for $1B

Restaurant Brands International Inc. (QSR) is set to bolster its presence in the fast-food industry with the acquisition of Carrols Restaurant Group Inc. (TAST) for approximately $1 billion in an all-cash deal. The deal, set at $9.55 per share, represents a 23.1% premium to Carrols Restaurant’s 30-day volume-weighted average price as of Jan 12, 2024. The deal is likely to be sealed in the second-quarter of 2024.This move reflects QSR's commitment to its Reclaim the Flame plan, which is focused on persistent ...