Restaurant Brands see increase in acceptances of takeover offer

Company News

by Rachael Jones

The total number of acceptances for the take over offer by Global Valar to Restaurant Brands New Zealand (ASX:RBD) has increased by more than 1 per cent of total shares.

On December 6th the total number of acceptances for its partial takeover was 75 per cent off the fully paid ordinary shares.

The company runs the KFC, Pizza Hut and Carl's Jnr brands in New Zealand plus operations overseas.

Earlier this month the company inked a deal to expand Mexican food chain Taco Bell in New Zealand and New South Wales.

Construction of more than 60 new Taco Bell Restaurants will begin in the new year.

Shares in Restaurant Brands New Zealand (ASX:RBD) last traded at $7.33

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.