UPDATE: Restaurant Brands agrees to pay US$105M for Hawaiian fast-food chain

Wed, 26 Oct 2016

(Adds CEO comment starting in fourth paragraph.) By Tina Morrison Oct. 26 (BusinessDesk) - Restaurant Brands NZ plans to buy Pacific Island Restaurants, the largest fast food operator in Hawaii with 82 Taco Bell and Pizza Hut stores, to diversify its earnings away from New Zealand where it runs the KFC, Pizza Hut, Starbucks Coffee and Carl's Jr food chains. The Auckland-based company has offered US$105 million for PIR, funded by a $94 million sale of shares to existing holders and US$42 million of debt, it said in a statement. It expec...

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