Restaurant Brands International's Selling Stockholder Offloads 7.14M Common Shares Via Secondary Share Sale
Portfolio Pulse from Benzinga Newsdesk
Restaurant Brands International Inc. (RBI) announced that an underwritten registered public offering of up to 7,136,149 common shares commenced by HL1 17 LP, an affiliate of 3G Capital Partners Ltd., had priced. These common shares relate to the exchange notice received by RBI from the Selling Shareholder, to exchange 7,136,149 Class B exchangeable limited partnership units of RBI.
August 17, 2023 | 7:46 am
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Restaurant Brands International's selling shareholder has offloaded 7.14M common shares via a secondary share sale.
The sale of a large number of shares by a major shareholder can often lead to a decrease in the stock price due to the increased supply of shares in the market. This could potentially have a negative impact on Restaurant Brands International's stock price in the short term.
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