Burger King Holdings Inc. said today it has agreed to be acquired by private-equity firm 3G Capital in a deal valued at $4 billion. 3G Capital of New York agreed to pay $24 a share for the No. 2 burger chain, which the company said was a 46-percent premium over the price before sale rumors began this week. Burger King shares had been trading between $16.31 and $22.19 over the past year. 3G also agreed to assume Burger King’s debt. The deal, which is expected to close in the fourth ...
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Contact: Desiree Torres Desiree.Torres@penton.com