News

"Go-shop" period over for BK

October 12, 2010

Burger King Holdings, Inc. has announced the “go-shop” period has expired according to the terms of the Sept. 2, 2010 merger agreement.

During the “go-shop” process, Burger King Holdings had the right to solicit other third party buyers for 40 days, ending on Oct. 12, 2010. The company said they didn’t receive any other offers during the "go-shop" period.

The tender offer and withdrawal rights are set to expire at midnight, EST, on Thursday, Oct14, 2010. The company still recommends stockholders tender their shares pursuant to the tender offer commenced by an affiliate of 3G Capital.

On Sept. 2, 2010, 3G Capital acquired the company’s stocks for $4 billion.