Burger King announces common stock offering

by FoodBusinessNews.net Staff
Share This:

MIAMI — Burger King Holdings Inc. announced that secondary stockholders intend to offer 15 million shares of common stock in an underwritten at-the-market offering. Private equity funds controlled by TPG Capital, Bain Capital Partners and the Goldman Sachs Funds will make the stock available. Burger King said it will not sell any shares in the offering.

The stockholders who will take part own approximately 58 million shares of Burger King common stock, or about 43% of the outstanding shares. Following the sale, the secondary stockholders anticipate owning 31.6% of the common stock. Goldman, Sachs & Co. was named as the sole underwriter for the stock offering.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.