Investment firm 3G Capital completed its $4 billion acquisition of Burger King Holdings Inc. on Tuesday, and new executives took the helm at the chain. An affiliate of 3G Capital, a New York-based and Brazilian-backed firm, paid $3.26 billion, or $24 a share, for Miami-based Burger King, the nation’s No. 2 burger chain. The assumption of outstanding debt brought the total to $4 billion. About 93 percent of shares were tendered. Bernardo Hees, as announced earlier, becomes chief ...
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Contact: Desiree Torres Desiree.Torres@penton.com