Burger King announces 'go-shop' period has expired
October 13, 2010
by Meat & Poultry staff
MIAMI – Burger King Holdings Inc. announced the “go-shop” period pursuant to the terms of the previously announced merger agreement, which contemplates the acquisition of the company by an affiliate of 3G Capital, has expired.
During the “go-shop” process, the company had the right to solicit superior proposals from third parties for a period of 40 calendar days continuing through Oct. 12.The company did not receive any alternative acquisition proposals during the "go-shop" period.
The tender offer and withdrawal rights are scheduled to expire at midnight, New York City time, on Oct. 14, unless extended or earlier terminated. The company continues to recommend that stockholders tender their shares pursuant to the tender offer commenced by an affiliate of 3G Capital.