Sunday, February 25, 2007

Restaurant Brand's New Zealand Takeover

The ongoing saga of the Restaurant Brands Takeover , the company that owns and operates KFC, Starbucks and Pizza Hut in New Zealand, looks set to continue. As I indicated months ago on my Sharemarket Forum it looks like the private equity company that bought Tegal Chicken and Griffins last year is on the prowl for RBD.

RBD is in a mess at the moment so the buy price isn't going to be large but it will clearly top the current SP of $1.17.

Keep a close eye on the SP at or at my Forum

Happy Investing,

Share Investor

Tower ups stake in Restaurant Brands amid takeover talk NZPA Thursday, 22 February 2007

Tower Asset Management has increased its stake in Restaurant Brands ahead of a potential takeover of the fast-food company, The New Zealand Herald reported today.

Tower's latest buy was small – thought to be about 65,500 shares – but took its total holding to 5.04 per cent.

The Herald said it understood Restaurant Brands has engaged an investment bank – believed to be Macquarie Bank – to advise it about a potential sale.

Shares in Restaurant Brands, which owns the Pizza Hut, Starbucks and KFC franchises in New Zealand, closed unchanged at $1.14 yesterday.

In December, Restaurant Brands chief executive Vicki Salmon sent the share price up over 10 per cent when she noted people had been exploring the prospect of a takeover.

The Herald said at least two private equity companies are being mentioned in connection with Restaurant Brands – CVC Asia Pacific and Pacific Equity Partners.

CVC, a joint venture between CVC Capital Partners in London and New York's Citigroup, aborted a $1.65 a share bid in June last year.

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c Shareinvestor 2007

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