Restaurant Brands recommends shareholders reject NYSB’s “mini-tender offer”

Restaurant Brands (QSR) has been notified of an unsolicited mini-tender offer made by New York Stock and Bond, or NYSB, to purchase up to 10,000 RBI common shares, or approximately 0.002% of the company’s outstanding common shares, at a price of $28.80 per share, which represents a discount of 54.89% to the NYSE closing price of $63.85for RBI common shares on September 16. RBI cautions shareholders that the mini-tender offer has been made at a price significantly below the market price for RBI shares. RBI does not endorse this unsolicited offer, has no association with NYSB or its offer, and recommends that shareholders do not tender their shares to the offer. RBI shareholders who have already tendered their shares can withdraw their shares at any time within 14 days after the date of delivery of the shareholder’s acceptance form. NYSB has made similar unsolicited mini-tender offers for shares of other public companies in the US.