Popeyes’ Acquisition Expected to Close Today

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OAKVILLE, Ont. — Restaurant Brands International Inc. (RBI) expects to complete the acquisition of Popeyes Louisiana Kitchen, Inc. today, following the successful completion of its tender offer to purchase all of the outstanding shares of common stock of Popeyes at $79 per share (net to the holder in cash, without interest, less any applicable withholding taxes).

RBI expects to complete the acquisition of Popeyes through a “short form” merger under Minnesota law today. Upon consummation of the merger, Popeyes will become an indirect, wholly owned subsidiary of RBI.

RBI cautions that certain important factors could affect actual results and could cause the actual closing of the acquisition to differ from its expectations.

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