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Restaurant Brands International Recommending Shareholders Reject NYSB's "Mini-Tender Offer"

BY MT Newswires | CORPORATE | 10/15/25 05:16 PM EDT

05:16 PM EDT, 10/15/2025 (MT Newswires) -- Restaurant Brands International (QSR.TO, QSR) after trade Wednesday said it has been notified of an unsolicited mini-tender offer made by New York Stock and Bond LLC to purchase up to 10,000 RBI shares at a price of US$28.80 per share.

RBI was at last look up 2.8% at US$68.67 in US after hours trade on the NYSE.

RBI's statement noted NYSB's offer price of US$28.80 represents a discount of 54.89% to the NYSE closing price of US$63.85 for RBI shares on Sept.16, the last trading day before the mini-tender offer was launched. RBI cautions shareholders that the mini-tender offer has been made at a price significantly below the market price for RBI shares.

The company's shares closed up $0.93, or 1%, to $97.35 on the Toronto Stock Exchange.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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