Mexico's Finaccess dangles 24% premium to buy control of Restaurant Brands

Wed, 17 Oct 2018

By Paul McBeth Oct. 18 (BusinessDesk) - Mexico's Finaccess Capital has offered $881.5 million - a 24 percent premium - to buy three-quarters of Restaurant Brands New Zealand. The fast-food franchise operator put off paying an interim dividend when announcing today's first-half result, saying it's received a non-binding partial takeover offer from the Mexican company. The $9.45 a share offer is a premium to the $7.60 close yesterday and more than the record $8.15 the company hit in June. The bid values Restaurant Brands at $1.18 billion. ...

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