ATLANTA, Feb 22, 2017 – King & Spalding advised leading restaurant chain Popeyes Louisiana Kitchen, Inc. on its $1.8 billion sale to Restaurant Brands International (RBI), the company that owns brands including Burger King and Tim Horton’s.
RBI reached an agreement to acquire Popeyes for $79.00 per share in cash, representing a total value of $1.8 billion. Following the closing of the transaction, Popeyes will continue to be managed independently in the U.S., while benefitting from the global scale and resources of RBI. Building on the momentum of recent years, RBI plans to continue developing the brand at an increasing pace in the U.S. and international markets in the years to come.
More details on the deal can be found here.
The King & Spalding team included corporate partners Cal Smith and Rob Leclerc, senior associates Zach Cochran and Elliott Tapp, and associates Sawyer Duncan, Nicholas Brown, Robert Swanton and John Anderson. Other lawyers included: partner Scott Petty (intellectual property), counsel John Carroll (antitrust matters), partner Jonathan Talansky (tax) and partner Michael Smith (liability management).
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