Restaurant Brands International Accused of Forcing Carrols Restaurant Group into $1 Billion Buyout
Explore the allegations against Restaurant Brands International for supposedly pressuring Carrols Restaurant Group into an underpriced transaction and the ensuing civil lawsuit filed by a pension fund.
Photo by Louis Hansel on Unsplash
Background of the Lawsuit
Restaurant Brands International Inc. has come under scrutiny for its alleged involvement in pressuring Carrols Restaurant Group Inc., a Burger King and Popeyes franchisee, into a $1 billion buyout. The civil lawsuit, initiated earlier this month by a pension fund, accuses RBI of forcing Carrols, a publicly owned company, into an underpriced transaction. The lawsuit, filed in Delaware Chancery Court by Plymouth County Retirement Association, sheds light on the purported tactics employed by RBI in its acquisition strategy.
