The owner of Burger King is buying Popeyes for $1.8 billion

Popeyes Biscuit Basket

In the deal, shareholders of Popeyes will gain $79 per share, which represents a 19.5% premium of the stock's Friday closing prices. So with shares now trading just pennies below the agreed acquisition price - and unless holding until closer to the acquisition's close would result in more favorable long-term capital gains tax treatment - I think Popeyes shareholders would be wise to take their profits and put them to work elsewhere. Popeyes has more than 2,600. Shares of Popeyes fell slightly in after-hours trading to $78.85. As Popeyes enters its 45 year, its success reflects the awesome brand entrusted to us by founder Al Copeland, Sr. and the unique high trust partnership that we enjoy with our franchise owners.

"With this transaction, RBI is adding a brand that has a distinctive position within a compelling segment and strong US and worldwide prospects for growth", Daniel Schwartz, Restaurant Brand global CEO, said in a statement Tuesday morning.

In November 2015, many big fast food chains were starting to worry about how rising minimum wages across the country could be a problem for franchisees. "There's been too much hubbub about it". No further statement was issued by Restaurant Brands International (TSE:QSR).




It's been more than two years since the $12 billion merger between Tim Hortons and Burger King, so it was probably only a matter of time before 3G Capital made its next deal in the fast food industry. Yes, that's the marriage of a burger and a burrito.

In addition to KFC and El Pollo Loco, there's competition from Bojangles, Wingstop and upscale burger joint Shake Shack, as well as privately held chains with cult followings like Chick-fil-A and Zaxby's.

"It seems like Restaurant Brands is just getting started here", said Jayson Moss, a research analyst at Franklin Bissett Investment Management. Shares rose more than 7% Tuesday. And Warren Buffett's Berkshire Hathaway has a almost 4% stake.

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