Burger King Prices Secondary Offering of Common Stock
Burger King Holdings Inc. (NYSE:BKC) today announced the pricing of a secondary offering of 18 million shares of its common stock being offered by certain selling shareholders at a price to the public of $25.00 per share.
In addition, the selling shareholders have granted the underwriters an option to purchase up to an additional 2.7 million shares of common stock. The selling shareholders are private equity funds controlled by TPG Capital, the Goldman Sachs Funds, Bain Capital Partners and certain charities that received shares of common stock from Bain Capital Partners or its affiliates. Burger King Holdings will not receive any proceeds from the sale.
The shares are being offered through Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc., as joint book-running managers for the offering, and Banc of America Securities LLC, Bear, Stearns & Co. Inc., Citigroup Global Markets Inc., Wachovia Capital Markets LLC and The Williams Capital Group L.P. as co-managers of the offering.
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