News

Burger King's largest franchisee launches public offering

April 16, 2014

New York-based Carrols Restaurant Group Inc., the largest Burger King franchisee in the world, has announced the launch of a public offering of up to $60 million of its common stock.

All of the shares will be offered by the company, which intends to use the net proceeds to accelerate remodeling efforts and to acquire additional restaurants, according to a news release. Also, to a lesser extent, Carrols will use the proceeds to develop new restaurants and for other general purposes.