Finaccess bid for Restaurant Brands control gets thumbs up

Mon, 10 Dec 2018

By Paul McBeth Dec. 11 (BusinessDesk) - Finaccess Capital's $881.5 million bid for three-quarters of Restaurant Brands New Zealand has the backing of the Kiwi firm's board, with the per-share price topping the independent adviser's assessment. Restaurant Brands' independent directors have elected to accept the $9.45 per share offer and the board unanimously recommends shareholders do likewise, unless a better offer emerges. Director Stephen Copulos has already agreed to sell his 8.6 percent stake to the Mexican firm. Finaccess has of...

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