OAKVILLE, Ont. — Earlier this week, Reuters reported that Restaurant Brands International Inc. (RBI) had approached Popeyes Louisiana Kitchen Inc. about a possible acquisition.
Following rumours of the deal, Popeyes’ stock was propelled 7.3 per cent higher to close at a record $70.82 per share. However, subsequent reports suggest that RBI may have abandoned deal talks months ago.
Regardless, these rumours suggest that RBI is indeed interested in adding brands to its roster, which has sparked a wave of speculation as to what other QSR brands the company might find appealing. Sonic Corp., El Pollo Loco Holdings Inc. and Bojangles’ Inc. were among the brands suggested as prime candidates by Bloomberg News.