3G Capital agrees to buy Burger King for $ 4 bn
Friday, 03 September 2010, 12:00 Hrs
New York:Burger King Holdings Inc said the private equity firm 3G Capital has agreed to buy the US fastfood giant for $ 4 billion.
"3G Capital announced that it has entered into a definitive agreement with Burger King under which affiliates of 3G Capital will acquire the stock of the company for USD 24 per share or USD 4 billion, including the assumption of the company's outstanding debt," Burger King said in a statement.
Under the terms of the deal, 3G will pay a price of $ 24 a share for Burger King, reflecting a 46 per cent premium to the company's share price before September 1, the day the buy-out talks surfaced.
Source: PTI
"3G Capital announced that it has entered into a definitive agreement with Burger King under which affiliates of 3G Capital will acquire the stock of the company for USD 24 per share or USD 4 billion, including the assumption of the company's outstanding debt," Burger King said in a statement.
Under the terms of the deal, 3G will pay a price of $ 24 a share for Burger King, reflecting a 46 per cent premium to the company's share price before September 1, the day the buy-out talks surfaced.
Source: PTI
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