Burger King to Return to Public Markets
Here’s an interesting one.
Just 18 months after being taken private in a leveraged buyout, Burger King Worldwide Holdings, one of the world’s largest fast-food chains, plans to list its shares on the New York Stock Exchange through a merger with Justice Holdings, an investment company based in London.
Burger King…. will receive about $1.4 billion in cash and continue to own about 71 percent of the company.
Questions: 1. Yet another cash deal… do you think these will become more common then stock/cash deals? 2. Why are they doing this? Is some of this just for more marketing so people buy their products?
Here’s the article: http://dealbook.nytimes.com/2012/04/03/burger-kin…
It's pretty clear they think it is the right time for Burger King to be publicly traded again. They held on to it for only 18 month though, when supposedly 3G Capital targets a holding period of approximately two to four years.
Do you think they will/should take up the offer? Why?
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