Burger King® Company Completes Acquisition of Carrols Restaurant Group [Yahoo! Finance]
Carrols Restaurant Group, Inc. (TAST)
Last carrols restaurant group, inc. earnings: 2/25 07:00 am
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US:NASDAQ Investor Relations:
investor.carrols.com/investor-relations
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Source: Yahoo! Finance
completed its previously announced acquisition of all issued and outstanding shares of Carrols Restaurant Group, Inc. ("Carrols") (formerly NASDAQ: TAST) that are not already held by RBI or its affiliates for per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 billion With the close of the acquisition, RBI adds the largest Burger King® ("BK") franchisee in the United States to its portfolio as part of the Company's Reclaim the Flame plan. As previously announced, the Company will invest a further $500M to accelerate the reimaging of more than 600 Carrols restaurants before refranchising the majority of the acquired portfolio to new or existing smaller franchise operators over the next seven years. In addition, on May 16, 2024 , subsidiaries of RBI entered into an amendment to their existing Credit Agreement (the "2024 Amendment") increasing the existing term loan B facility with $5.2 billion outstanding to a $5.9 billion term loan B f
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