A Burger King owned by Carrols Restaurant Group on Route 31 in Clay.Rick Moriarty | rmoriarty@syracuse.com
Syracuse, N.Y. -- Burger King’s parent company announced Tuesday it has reached an agreement to buy out Syracuse-based Carrols Restaurant Group, its largest U.S. franchisee, for $1 billion.
Restaurant Brands International Inc. said it will acquire all of Carrols issued and outstanding shares that are not already held by RBI or its affiliates for $9.55 per share in an all-cash transaction.
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