McDonald's (MCD) Announces Final Exchange Ratio of 0.8879 for Chipotle (CMG) Spin-Off Exchange Offer

October 5, 2006 4:41 PM EDT
McDonald's Corporation (NYSE: MCD) announced the final exchange ratio in connection with its previously announced offer to its shareholders to exchange all or some of their shares of McDonald's common stock for shares of class B common stock of Chipotle Mexican Grill, Inc. (NYSE: CMG) held by McDonald's.

For each share of McDonald's common stock that is validly tendered and delivered pursuant to the offer and accepted by McDonald's, McDonald's will deliver 0.8879 shares of Chipotle class B common stock to or at the direction of such tendering holder.

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