Burger King announces common stock offering
May 06, 2008
by FoodBusinessNews.net Staff
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.