3G Capital acquires Burger King for 4,000 million dollars:

The chain of fast food restaurants Burger King announced today that it has reached an agreement to be acquired by private equity firm 3G Capital by 4,000 billion, including assumption of debt of the company.

The shareholders of that company will receive U.S. $ 24 for each share they hold, representing a premium of 46% over the price to be negotiated before the rise of speculation about a possible operation of this type.

The companies expect the transaction is completed in the fourth quarter of this year.

“Burger King is one of the best known and respected in the world and we are delighted that 3G Capital recognizes the value we have created with the revitalization of the brand and improve operations in the past
seven years,” said today the president and CEO John Chidsey, through a press release.

The compromise reached with 3G Capital leaves Burger King free to solicit other proposals best purchase for a period of 40 days, the company said.

Burger King, the second largest restaurant of its kind in the United States after McDonald’s operates more than 12 150 establishments and in recent months has seen sales drop due to lower consumption as a result of
the recent economic downturn.

This chain of restaurants and was in the hands of private equity firms before starting to go public four years ago.

In 2002 a group led by TPG Capital, Bain Capital and Goldman Sachs Capital Partners bought the hamburger chain for about $ 1,500 million to the British group Diageo, the world’s largest producer of alcoholic beverages.

These investment firms are now about 31% share, according to the company.
3G Capital has a majority or in part in many companies, including Anheuser-Busch InBev, Lojas Americanas and America Latina Logística.

Burger King shares were revalued on 24.18% and going up $ 4.56 and traded at $ 23.42, after an hour of activity in the New York Stock Exchange. Have risen by 24.44% since the beginning of the year.