UPDATE: Restaurant Brands shares jump to record on Australian foray

Thu, 03 Mar 2016

(Recasts lede, adds share price in 2nd graph, analyst comment in 3rd graph) By Paul McBeth March 4 (BusinessDesk) - Restaurant Brands New Zealand shares jumped to a record after the fast food operator unveiled plans to expand across the Tasman, buying the biggest KFC fried chicken franchise in New South Wales for A$82.4 million in cash and scrip. The shares climbed 9.8 percent to $4.60, the highest since the stock listed in June 1997. Auckland-based Restaurant Brands has signed a conditional agreement to buy the shares of QSR Pty,...

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