Restaurant Brands International acquires the Firehouse Subs chain

  • Restaurant Brands International (NYSE:QSR) announces that it struck deal to acquire the Firehouse Subs business for $1.0B in an all-cash transaction.
  • Firehouse Subs is called a differentiated, fast-growing brand that is complementary to RBI's family of iconic brands. QSR also points to the chain's compelling unit economics and substantial long-term growth opportunity across the U.S. and internationally.
  • The deal is expected to be immediately accretive to QSR's earnings per share.
  • "We see tremendous potential to accelerate U.S. and international growth at Firehouse Subs with RBI's development expertise, global franchisee network and digital capabilities."
  • Shares of QSR are up 1.17% in premarket action to $57.88.
  • Read the latest breakdowns on QSR from Seeking Alpha authors.

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