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Burger King gives common stock secondary offering
May 5, 2008
MIAMI — Burger King Holdings Inc. has announced that the private equity funds controlled by TPG Capital, Bain Capital Partners and the Goldman Sachs Funds intend to offer 15 million shares of Burger King common stock in an underwritten at-the-market offering. Burger King will not sell any shares in the offering.
The selling stockholders currently own approximately 58 million shares of Burger King common stock, or approximately 43 percent of the outstanding shares. Following completion of the anticipated offering, the selling stockholders will own approximately 31.6 percent of the company's common stock.
Goldman, Sachs & Co. will act as the sole underwriter for the offering.
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