Burger King franchisee sets IPO terms

The Associated Press: Underwriters for Carrols Holdings Corp., the largest franchisee of Burger King Holdings Inc., has set the terms of its pending initial public offering at 15 million common shares with an estimated, per-share price range of $14 to $16.

 

The Syracuse, N.Y.-based company, which operates 328 Burger King restaurants, had filed in late September for an IPO of up to $210 million in common stock but didn't provide details of the offering terms at the time.