The owner of Burger King and Tim Hortons Restaurant Brands International, announced Tuesday that they’re buying Popeyes for $1.8 billion.
According to USA Today, the company purchased the fast-growing company for $79 per share.
“Popeyes is a powerful brand with a rich Louisiana heritage that resonates with guests around the world,” Restaurant Brands International CEO Daniel Schwartz said in a statement.
“With this transaction, RBI is adding a brand that has a distinctive position within a compelling segment and the strong US and international prospects for growth.”
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Kyle Anfernee is the youngest out of The Shade Room Crew. Kyle is currently finishing his bachelors at Pepperdine University, and is expected to graduate this April with a degree in Broadcast Journalism. Kyle joined TSR back in October as an Intern, and has since been added to the team. Watch out for Kyle because he’s on track to be the next Terrence Jenkins for sure!