By Ben GlickmanShares of Carrols Restaurant Group shot up Tuesday after Burger King-owner Restaurant Brands International said it would acquire the company. RBI said it would pay $9.55 per share for Carrols, giving the company an enterprise value of about $1 billion. Carrols is the largest Burger King franchisee in the U.S., operating over 1,000 locations. Carrols' Burger King restaurants generated about $1.8 billion in system sales in the year ended Sept. 30. Write to Ben Glickman at ben.glickman@wsj.com(END) Dow Jones NewswiresJanuary 16, 2024 08:14 ET (13:14 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.
Source: Wall Street Journal January 16, 2024 13:25 UTC