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Restaurant Brands International Inc. expects to complete acquisition of Popeyes Louisiana Kitchen




Restaurant Brands International Inc. ("RBI") (NYSE/TSX: QSR, TSX: QSP) announced that it expects to complete the acquisition of Popeyes Louisiana Kitchen, Inc. ("Popeyes") (NASDAQ: PLKI) today, following the successful completion of its tender offer to purchase all of the outstanding shares of common stock of Popeyes at $79.00 per share, net to the holder in cash, without interest, less any applicable withholding taxes. The tender offer was effected by RBI's indirect subsidiary, Orange, Inc. (the "Purchaser").

Upon consummation of the merger, Popeyes will become an indirect, wholly-owned subsidiary of RBI.

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