Restaurant Brands takeover to be scaled after Finaccess crosses 75% cap

Wed, 13 Mar 2019

By Paul McBeth March 14 (BusinessDesk) - Finaccess Capital will scale its $9.45 a share offer for Restaurant Brands New Zealand after acceptances exceeded its 75 percent upper limit. The Mexican investor declared the partial takeover bid unconditional earlier this week after getting the regulatory and franchisor approvals it needed and securing more than 50 percent of the fast-food operator's shares. Under the Takeovers Code, that let Finaccess keep the offer open for another 10 working days and it has now attracted almost 86 percent...

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