Restaurant Brands New Zealand (ASX:RBD, NZE:RBD) said its directors recommended that shareholders who have yet to accept Finaccess Restauracion's offer to acquire all of the company's shares that it does not own for NZ$5.05 per share, to do so as soon as possible, according to a Thursday filing with the Australian and New Zealand bourses.
The company expects trading to be suspended five days after Finaccess starts the formal acquisition process and to be delisted from the New Zealand and Australian stock exchanges two days after trading has been suspended, the filing said.