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RBI to Repurchase 2.78M Exchangeable Units From 3G Affiliate
Restaurant Brands International (RBI) , the parent company of Burger King, Tim Hortons, Popeyes and Firehouse Subs, said an affiliate of 3G Capital has requested the exchange of 2,784,549 RBI LP Class B exchangeable units.
RBI LP plans to repurchase the units for cash using available funds. Once completed, the units will be cancelled, reducing RBI’s fully diluted share count by the same amount. After the exchange, the 3G Capital affiliate is expected to hold about 21% of RBI’s fully diluted common...
HF Foods Expands into Canada with $35M Acquisition of Searay Foods
HF Foods Group Inc., a distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, has entered into a definitive agreement to acquire Searay Foods Inc., including Morgan Foods Inc. and Searay Foods USA Inc. for approximately CAD$47.9 million (about US$35 million based on current exchange rates).
Announced July 23, the acquisition marks HF Foods' first expansion outside the United States and its entry into the Canadian market.
British Columbia-based Searay is an importer and distributor of ethnic...
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