Restaurant Brands takeover offer 'compelling', First NZ says

Fri, 19 Oct 2018

By Paul McBeth Oct. 19 (BusinessDesk) - Finaccess Capital's $881.5 million offer for three-quarters of Restaurant Brands New Zealand is a compelling price, says First NZ Capital. The research house raised its rating on Restaurant Brands to 'neutral' from 'underperform', and boosted its target price to $8.85 from $6.88 on the view that if the offer's formalised it will get full buy-in from investors. The $9.45 indicative offer was a 24 percent premium to where the shares traded before the deal was announced. The shares jumped 14 percen...

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