Finaccess attracts 91% acceptances in partial takeover offer of Restaurant Brands

Wed, 27 Mar 2019

By Paul McBeth March 27 (BusinessDesk) - Finaccess Capital will scale down acceptances in its bid to secure three-quarters of the shares in Restaurant Brands New Zealand. The Mexican firm's partial takeover bid to buy as many as 93.6 million shares at $9.45 apiece closed yesterday and attracted 91 percent acceptances, or 113.9 million shares. Finaccess declared its bid unconditional earlier this month having crossed the 50 percent minimum threshold it wanted. Under the Takeovers Code, that gave it an extra 10 days to reach its targete...

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