3G takes out more cash from Burger King owner

摘要

Amid plenty of buzz about early sales of its Impossible Burger, Burger King parent restaurant brands international Served Up the first big block of this ECM window, a US$1.28bn block sell-down by sponsor and major shareholder 3G Capital. The Brazilian private equity firm was returning to the ECM till less than a month after it sold US$1.7bn of Restaurant Brands stock via an upsized block trade. The latest deal saw Morgan Stanley reoffer 17m shares at US$75.50, the bottom of the US$75.50-$76.50 marketing range, a 1.4% discount to last sale and US$2.00 above the price on the larger August sale.