Tuesday, October 19, 2010

3G Capital Completes Acquisition of Burger King Holdings, Inc.

MIAMI & NEW YORK--(BUSINESS WIRE)--Burger King Holdings, Inc. (NYSE:BKC) (the “Company”) and 3G Capital today announced the completion of the previously announced transaction for an affiliate of 3G Capital to acquire the Company for $24.00 per share in cash, or approximately $4.0 billion in the aggregate, including the assumption of outstanding debt.
“We are thrilled to complete this transaction and eager to continue building the BURGER KING® brand and enhance the guest experience in our restaurants all over the world”
As previously announced, Bernardo Hees will become Chief Executive Officer of the Company, and Alexandre Behring, Managing Partner of 3G Capital, will assume the position of Co-Chairman of the Board of the Company effective immediately, alongside John Chidsey, the Company’s Chairman and Chief Executive Officer prior to the completion of the transaction.

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