Restaurant Brands International (TSE:QSR) has released an update.
Restaurant Brands International Inc. (RBI) has announced that it will satisfy an exchange notice with common shares and has commenced a secondary offering. An affiliate of 3G Capital plans to exchange over 6 million Class B units for RBI common shares, which will then be offered in a public underwritten offering, with the expectation of a forward sale agreement involving BofA Securities. RBI will not sell any shares itself or receive proceeds from this transaction.
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