KFC-owner Restaurant Brands soars as NZX 50 locks in 1.22% gain

KFC-owner Restaurant Brands soars as NZX 50 locks in 1.22% gain
The KFC-operator’s majority stakeholder filed a notice of intent to take over the company. (Image: NZME)
Gregor Thompson
A takeover notice has sent KFC-owner Restaurant Brands’ stock price flying on a newsy day in the New Zealand equity market. The benchmark S&P/NZX 50 Index gained 1.22% to 13,292.36 points on Tuesday, with 61.6 million shares worth over $255.9m changing hands. There were 95 gainers and 44 decliners.The day kicked off with Restaurant Brands’ largest shareholder, Finaccess, filing a takeover notice to acquire the company at $5.05 per share.Finaccess said it was “the final and best price it is willing to pay&rdq...

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