Operator looks to create two public companies through spinoff to shareholders
Carrols Restaurant Group Inc. plans to split its 305-unit Burger King operation from its 280-unit business operating and franchising Pollo Tropical and Taco Cabana in a tax-free spinoff to current shareholders. The deal, pending approvals from the company’s board of directors and securities regulators, would close by the end of 2011, the company said in a statement Thursday. The spun off company would own and operate 91 Pollo Tropical restaurants and 155 Taco Cabana locations, as well ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!