Restaurant Brands International $1.8 billion acquisition of Popeyes Louisiana Kitchen

Overview:

• Ontario-based Restaurant Brands International (RBI) has acquired fast-food chain Popeyes Louisiana Kitchen in a $1.8 billion deal.
• The price tag comes to $79 per Popeyes share.
• RBI also owns Burger King and Tim Hortons.
• Financing will come from available cash and a commitment from JPMorgan and Wells Fargo.
• UBS and Genesis Capital acted as financial advisers for Popeyes.

Kurt Stumpo - Journalist