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Restaurant Brands New Zealand Limited ( (RTBRF) ) just unveiled an update.
Restaurant Brands New Zealand Limited has announced that Finaccess Restauración, S.L. is set to gain control of over 90% of the company’s shares through a takeover offer. This will lead to a compulsory acquisition of remaining shares at the offer price of NZ$5.05 per share, following the Takeovers Code. Shareholders are advised to accept the offer promptly to avoid delays in payment. The company plans to suspend trading and delist from the NZX and ASX once the acquisition process is underway, impacting its market presence and shareholder engagement.
More about Restaurant Brands New Zealand Limited
Restaurant Brands New Zealand Limited operates in the fast-food industry, focusing on providing quick-service restaurant offerings. The company is known for its franchise operations of popular brands in the New Zealand market.
For an in-depth examination of RTBRF stock, go to TipRanks’ Overview page.