Dividends & Buybacks ·
Restaurant Brands International Inc. announced that Restaurant Brands International Limited Partnership received an…
QSRRestaurant Brands International Inc.
Restaurant Brands International Inc. announced that Restaurant Brands International Limited Partnership received an irrevocable exchange notice from affiliate 3G Capital Partners Ltd. to convert 2,784,549 Class B exchangeable limited partnership units into common shares. The partnership intends to satisfy this obligation by repurchasing the units for cash using available funds on hand. The transaction is scheduled to settle on August 31, 2026, with the repurchase price based on the 20-day volume weighted average price of RBI's common shares on the NYSE. Following the cancellation of these units, 3G Capital will hold approximately 21% of RBI’s fully diluted common shares. Restaurant Brands International Inc. is a global quick service restaurant company owning brands such as Tim Hortons, Burger King, Popeyes, and Firehouse Subs.