Currently the largest U.S. Burger King franchisee, Carrols will pay $15.8 million in cash and give a 28.9 percent stake in itself to Burger King, the two companies said in a statement.
Carrols, which has been operating Burger King franchises in the United States since 1976, will remodel about 450 restaurants over the next three-and-a-half years as part of the deal.
News of the deal sent Carrols shares up as much as 14 percent to $14.25 — their highest in more than four years.
The deal is conditioned on the spin-off of Carrols’ Fiesta restaurant business, and the company’s ability to refinance its credit facility, among other things.
The coffee vending business is your opportunity to cash in on the 30 billion dollar coffee industry.
Can we solve the #1 Business problem people have today? Yes -- and the answer is simple...
Amazing opportunity for only $500 in an industry that is prime for sales.
Millions of people retire in poverty - but it doesnt have to be this way!
World's largest co-ed fitness franchise, Anytime Fitness can leverage its tried and true...
Thin Energy is looking for a limited number of motivated business minded people...
Be a part of the number one growth industry while securing your future with residual income.
With 2,000 locations open or in development in 15 countries, Snap Fitness is the top choice