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January 17, 2024

Burger King deal will lead to $500M in store remodels

  • Restaurant Brands plans to remodel about 600 of the acquired Carrols restaurants.

    • TORONTO (AP) — The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion and will renovate hundreds of its locations.

    Restaurant Brands International will acquire all of the issued and outstanding shares of Carrols Restaurant Group that it doesn't already hold for $9.55 per share.


     
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