Restaurant Brands urges shareholders to reject NYSB’s ‘mini-tender offer’

Restaurant Brands (QSR) International has been notified of an unsolicited mini-tender offer made by New York Stock and Bond to purchase up to 100,000 RBI common shares, or approximately 0.03% of the company’s outstanding common shares, at a price of $43.60 per share. NYSB’s offer price of $43.60 represents a discount of 34.92% to the NYSE closing price of $66.99 for RBI common shares on January 30, the last trading day before the mini-tender offer was commenced. RBI cautions shareholders that the mini-tender offer has been made at a price significantly below the market price for RBI shares. RBI does not endorse this unsolicited offer, has no association with NYSB or its offer, and recommends that shareholders do not tender their shares to the offer.