RBI Recommends Shareholders Reject NYSB's "Mini-tender Offer"
Restaurant Brands International (NYSE: QSR) warned shareholders on October 15, 2025 about an unsolicited mini-tender offer from New York Stock and Bond LLC to buy up to 10,000 shares (~0.002% of outstanding) at US$28.80 per share. RBI noted that US$28.80 is a 54.89% discount to the NYSE closing price of US$63.85 on September 16, 2025 and does not endorse the offer. RBI recommends shareholders do not tender and reminds those who already tendered they can withdraw within 14 days following delivery of their acceptance form per the offer documents. The release cites SEC and CSA guidance warning investors about mini-tender risks and provides links for broker and investor resources.
Restaurant Brands International (NYSE: QSR) ha avvertito gli azionisti il 15 ottobre 2025 riguardo a un'offerta mini-tender non richiesta da New York Stock and Bond LLC per acquistare fino a 10.000 azioni (~0,002% delle azioni in circolazione) a US$28,80 per azione. RBI ha precisato che US$28,80 rappresenta uno sconto del 54,89% rispetto al prezzo di chiusura NYSE di US$63,85 il 16 settembre 2025 e non sostiene l'offerta. RBI consiglia agli azionisti di non offrire e ricorda a chi ha già accettato che può ritirarsi entro 14 giorni dalla consegna del modulo di accettazione secondo i documenti dell'offerta. Il comunicato cita linee guida della SEC e della CSA avvertendo gli investitori sui rischi associati alle mini-offerte e fornisce link per risorse agli intermediari e agli investitori.
Restaurant Brands International (NYSE: QSR) advirtió a los accionistas el 15 de octubre de 2025 sobre una oferta de mini-tender no solicitada de New York Stock and Bond LLC para comprar hasta 10.000 acciones (~0,002% de las acciones en circulación) a US$28,80 por acción. RBI señaló que US$28,80 es un descuento del 54,89% respecto al cierre de NYSE de US$63,85 el 16 de septiembre de 2025 y no respalda la oferta. RBI recomienda a los accionistas no tender y recuerda a quienes ya aceptaron que pueden retirarse en un plazo de 14 días a partir de la entrega de su formulario de aceptación según los documentos de la oferta. El comunicado cita orientaciones de la SEC y de la CSA advirtiendo a los inversores sobre los riesgos de las mini-tenders y proporciona enlaces para recursos de intermediarios e inversores.
Restaurant Brands International (NYSE: QSR) 은 주주들에게 2025년 10월 15일에 New York Stock and Bond LLC가 제안한 미니 텐더(mini-tender) 비청구 매수에 대해 최대 10,000주 (~발행주식의 0.002%)를 주당 28.80달러에 매수하겠다는 제안을 경고했습니다. RBI는 28.80달러가 NYSE 마감가인 63.85달러에 대해 54.89% 할인에 해당한다고 밝히고 해당 제안을 지지하지 않습니다. RBI는 주주들에게 입찰에 응하지 말 것을 권고하고 이미 응찰한 사람은 제안문서에 따라 수락 양식 전달 후 14일 이내에 철회할 수 있음을 상기시킵니다. 발표문은 SEC 및 CSA 지침을 인용하여 미니 텐더의 위험에 대해 경고하고 중개인 및 투자자 자원을 위한 링크를 제공합니다.
Restaurant Brands International (NYSE: QSR) a averti les actionnaires le 15 octobre 2025 d'une offre de mini-tender non sollicitée par New York Stock and Bond LLC visant à acheter jusqu'à 10 000 actions (~0,002% des actions en circulation) à US$28,80 par action. RBI a noté que US$28,80 représente une remise de 54,89% par rapport au cours de clôture NYSE de US$63,85 le 16 septembre 2025 et n'appuie pas l'offre. RBI recommande aux actionnaires de ne pas offrir et rappelle à ceux qui ont déjà accepté qu'ils peuvent se retirer dans les 14 jours suivant la remise du formulaire d'acceptation conformément aux documents de l'offre. Le communiqué cite les directives de la SEC et de la CSA avertissant les investisseurs des risques des mini-tenders et fournit des liens vers des ressources pour les courtiers et les investisseurs.
Restaurant Brands International (NYSE: QSR) warnte die Aktionäre am 15. Oktober 2025 vor einem unaufgeforderten Mini-Tender-Angebot von New York Stock and Bond LLC, bis zu 10.000 Aktien (~0,002% des Umlaufs) zu US$28,80 pro Aktie zu kaufen. RBI hob hervor, dass US$28,80 ein 54,89% Rabatt auf den NYSE-Schlusskurs von US$63,85 am 16. September 2025 sei und unterstützt das Angebot nicht. RBI empfiehlt den Aktionären nicht zu bieten und erinnert diejenigen, die bereits angeboten haben, dass sie sich innerhalb von 14 Tagen nach Übermittlung ihres Annahmeformulars gemäß den Angebotsunterlagen rückziehen können. Die Mitteilung verweist auf SEC- und CSA-Richtlinien, die Investoren vor den Risiken von Mini-Tenders warnen, und bietet Links zu Ressourcen für Broker und Investoren.
Restaurant Brands International (NYSE: QSR) حذّرت المساهمين في 15 أكتوبر 2025 من عرض ميني-تندر غير مطلوب من نيويورك ستوك أند بوند LLC لشراء حتى 10,000 سهم (~0.002% من الأسهم القائمة) بسعر US$28.80 للسهم. وأشارت RBI إلى أن 28.80 دولارًا أمريكيًا يمثل خصمًا بنسبة 54.89% من سعر إغلاق بورصة نيويورك البالغ 63.85 دولارًا أمريكيًا في 16 سبتمبر 2025 وتدحض العرض. توصي RBI المساهمين بعدم تقديم عروض وتذكر أولئك الذين قدّموا عروضهم بالفعل بإمكانهم الانسحاب خلال 14 يومًا من تسليم نموذج القبول وفقًا لوثائق العرض. وتذكر البيان بإرشادات هيئة الأوراق المالية والبورصة (SEC) والجهات التنظيمية الكندية CSA وتحذر المستثمرين من مخاطر الميني-تندرز وتوفر روابط إلى موارد الوسطاء والمستثمرين.
Restaurant Brands International (NYSE: QSR) 于 2025年10月15日 警示股东，关于由 New York Stock and Bond LLC 发起的未经请求的迷你收购要约，最高可购买 10,000 股（约占流通股的 0.002%），价格为 每股 28.80 美元。RBI 指出，28.80 美元较 NYSE 收盘价 63.85 美元在 2025年9月16日 有 54.89% 的折价，并不支持该要约。RBI 建议股东不要参与认购，并提醒已参与认购的股东可在根据要约文书提交接受书后 14 天内撤回。公告引用 SEC 与 CSA 的指南，警示投资者迷你要约的风险，并提供经纪商与投资者资源的链接。
- RBI explicitly recommends shareholders do not tender
- Tendered shares can be withdrawn within 14 days
- Offer targets 10,000 shares (~0.002% outstanding)
- Offer price US$28.80 represents a 54.89% discount to market
- Offer seeks <5% threshold to avoid full disclosure rules
- NYSB has made similar unsolicited mini-tender offers previously
RBI does not endorse this unsolicited offer, has no association with NYSB or its offer, and recommends that shareholders do not tender their shares to the offer.
According to NYSB's offer documents, RBI shareholders who have already tendered their shares can withdraw their shares at any time within 14 days after the date of delivery of the shareholder's acceptance form (or tender form) by following the procedures described in the offer documents.
For background, mini-tender offers are designed to seek less than
The SEC states that "bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price."
RBI strongly encourages brokers, dealers and other market participants to exercise caution and review the letter regarding broker-dealer mini-tender offer dissemination and disclosures on the SEC website at: http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm
RBI requests that a copy of this news release be included in any distribution of materials relating to NYSB's mini-tender offer for RBI shares.
Comments from the CSA on mini-tenders can be found on the Ontario Securities Commission (OSC) website at: http://www.osc.gov.on.ca/en/SecuritiesLaw_csa_19991210_61-301.jsp
Information about mini-tender offers can be found on the SEC website at: http://www.sec.gov/investor/pubs/minitend.htm
NYSB has made similar unsolicited mini-tender offers for shares of other public companies in the US.
About Restaurant Brands International Inc.
Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over
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SOURCE Restaurant Brands International Inc.
FAQ
What is RBI recommending shareholders do about the NYSB mini-tender for QSR on October 15, 2025?
How many QSR shares and what price did NYSB offer in the October 2025 mini-tender?
How does the NYSB offer price compare to QSR market price on September 16, 2025?
Can QSR shareholders withdraw shares already tendered to the NYSB offer?
Why are mini-tender offers considered risky for QSR shareholders?
