Wedbush Downgrades Popeyes Louisiana Kitchen (PLKI) to Neutral

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Go back to Wedbush Downgrades Popeyes Louisiana Kitchen (PLKI) to Neutral

Restaurant Brands (QSR) to Buy Popeyes Louisiana Kitchen (PLKI) for $1.8B

February 21, 2017 8:31 AM EST

Restaurant Brands International Inc. (NYSE: QSR) and Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI) announced today that the companies have reached an agreement for RBI to acquire Popeyes for $79.00 per share in cash, or $1.8 billion.

The acquisition of Popeyes will add a successful, highly-regarded brand with strong customer loyalty to RBI, one of the largest global quick service restaurant companies with two of the world's most iconic QSR brands BURGER KING® and TIM HORTONS®.

Founded in New Orleans in 1972, Popeyes has 45 years of history and culinary... More