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News about company buy outs and mergers

Restaurant Brands to Buy Popeyes for $1.8B

PopeyesAfter leaks over the last few days that Popeyes was in negotiations to be bought, then subsequent reports that it wasn't, Restaurant Brands International Inc. (RBI), the parent firm of franchisors Burger King and Tim Hortons, announced this morning that it has reached an agreement to acquire Popeyes Louisiana Kitchen Inc. [NASDAQ: PLKI] for $1.8 billion.

Burger King, Tim Hortons in Final Talks to Buy Popeyes: Note to Franchisees

After considerable anticipation of an acquisition over the last week, press reports now say that Restaurant Brands Inc (RBI), owner of Burger King and Tim Hortons brands, stated today that it has reached a deal to purchase Popeyes.

MTN Capital and Argosy Acquire Troubled Rita’s

Rita'sPrivate equity firms Argosy and MTN Capital announced Tuesday that they have snatched up a controlling stake in Pennsylvania-based Rita's Franchise Company, LLC from the portfolio of Falconhead Capital. Argosy's founding partner, Kirk Griswold, will become Rita's chairman of the board while Jeff Moody remains as Rita's president and chief executive.

Generation Next Acquires Robot Technology

Reis & Irvy's robot kiosk. Image from Robofusion website

San Diego-based Generation Next Franchise Brands (OTC:VEND), parent company of new vending machine chain Reis and Irvy's as well as Fresh Healthy Vending LLC, announced this morning that it has acquired certain intellectual property assets of Robufusion, a developer of interactive robotic kiosks.

Franchisor Senior Helpers Acquired by Altaris Capital Partners

Senior Helpers, a Maryland-based franchisor of in-home senior care franchises, announced today that it has been bought out by private equity firm, Altarias Capital Partners, LLC.

Five Planet Fitness Franchisees Merge to Create United PF Partners; Look for Acquisitions

Private equity firms JLM Financial Partners and Eagle Merchant Partners have created the largest Planet Fitness franchisee, United PF Partners, with 59 operating clubs in nine states.

Franchisor Cosi Files Chapter 11 Bankruptcy

Fast-casual franchisor and restaurant operator Cosi Inc. [NASDAQ:COSI] announced today that it has filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court, District of Massachusetts.

Marriott Buyout of Starwood Finalized, Becomes World’s Largest Hotel Chain

Swimming pool of Starwood's St. Regis hotel in Doha, Qatar. (photo/starwood)

Marriott International Inc. (NASDAQ:MAR) announced this morning that its acquisition of Starwood Hotels & Resorts Worldwide Inc. has been finalized. Marriott is now the world's largest hotel company with 30 hotel brands and 5,700 hotels in 110 countries. The company's expanded distribution of hotels has in one swoop more than doubled in Asia, the Middle East and Africa combined.

Red Lion to Acquire Vantage Hospitality for Up to $41M

Red Lion Hotels Corporation (NYSE:RLH) announced on September 13 that it has agreed to acquire Vantage Hospitality Group Inc. for at least $28 million. The two franchisors signed a definitive agreement for Vantage to be bought at an initial price of $23 million in cash and 690,000 shares of Red Lion's common stock, which closed yesterday at $7.79 a share or a total of $5.4 million for those shares. The deal is expected to be finalized in the fourth quarter of 2016.

Canada’s MTY to Acquire Baja Fresh and La Salsa Fresh Mexican Grill

Montreal-based MTY Food Group Inc. [TSX: MTY] announced this morning that it has signed an agreement to acquire BF Acquisition Holdings, LLC., owner of California-based Baja Fresh Mexican Grill and La Salsa Fresh Mexican Grill for $27 million.