Restaurant Brands has received a takeover notice from Finaccess Restauración, giving notice of its intention to make a full takeover offer for the company.
Finaccess, which already owns a stake in Restaurant Brands, is proposing a offer price of $5.05 per share, payable in cash.
The notice from Finaccess states that it does not plan to increase this price.
However, it is important to note that this does not constitute a formal takeover offer.
If Finaccess decides to proceed with the offer, it must do so within a specific timeframe.
Restaurant Brands said it will issue a Target Company Statement, including an Independent Adviser's Report and a formal director recommendation, if a formal takeover offer is made.
Shareholders have been advised to take no action at this time and to seek independent professional advice if they wish to sell their shares before receiving a formal offer.
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