backATLANTA, Feb 22, 2017 – King & Spalding advised leading restaurant chain Popeyes Louisiana Kitchen, Inc. on its $1.8 billion sale to Restaurant Brands International (RBI), the company that owns brands including Burger King and Tim Horton’s.
RBI reached an agreement to acquire Popeyes for $79.00 per share in cash, representing a total value of $1.8 billion. Following the closing of the transaction, Popeyes will continue to be managed independently in the U.S., while benefitting from the global scale and resources of RBI. Building on the momentum of recent years, RBI plans to continue developing the brand at an increasing pace in the U.S. and international markets in the years to come.
More details on the deal can be found here.
The King & Spalding team included corporate partners Cal Smith and Rob Leclerc, senior associates Zach Cochran and Elliott Tapp, and associates Sawyer Duncan, Nicholas Brown, Robert Swanton and John Anderson. Other lawyers included: partner Scott Petty (intellectual property), counsel John Carroll (antitrust matters), partner Jonathan Talansky (tax) and partner Michael Smith (liability management).
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Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.