Burger King owner will buy Popeyes chain for $1.8 billion
  • 7 years ago
Restaurant Brands International says it's buying Popeyes for $1.8 billion, bringing the fried chicken chain under the same corporate umbrella as Burger King and Tim Hortons. Popeyes has more than 2,600 locations, about double what it had in 2008, and about 97% are franchises. Restaurant Brands said it would seek to "continue developing the brand at an increasing pace" in the U.S. and foreign markets. Popeyes shareholders will get $79.00 for each share they hold, a 19.5 percent premium to the stock's Friday close.
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