Thursday, May 23, 2024

Burger King to acquire largest franchisee for approximately $1B

By David B. Strickland Poultry Times editor

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MIAMI — Burger King, the fifth largest fast-food chain in the world, has reached an agreement where the company, with its parent company Restaurant Brands International (RBI), will acquire its largest franchisee company, Carrols Restaurant Group for approximately $1 billion.

RBI and Burger King will be obtaining all the Carrols issued and outstanding shares that are not already held for $9.55 per share in an all-cash transaction, the companies announced.

Burger King has more than 19,000 locations in over 100 countries worldwide. Carrols operates 1,022 Burger King locations in 23 states in the U.S., which. . .

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