3G Capital selling $3 bln shares in Burger King owner
via Nasdaq - September 04, 2019
(Reuters) - Brazilian private equity firm 3G Capital Partners Ltd sold shares in Restaurant Brands International Inc for $3 billion in the past month, regulatory filings showed.
An affiliate of 3G Capital Partners Ltd is selling about 40 million shares, reducing its stake in the Burger King and Tim Hortons owner to 32.1% from 41%.
Last month, it sold 24 million shares at $72.50 per share, raising $1.74 billion. On Tuesday, it agreed to sell the remaining 17 million to Morgan Stanley & Co LLC to raise about $1.3 billion, based on the company's closing price on Tuesday.
At $75.50, the deal represents a 1.4% discount to the company's Tuesday close of $76.59.
Shares of the company...