Restaurant Brands New Zealand (ASX:RBD, NZE:RBD) said its independent board committee recommended shareholders not to take action in relation to Finaccess Restauracion's intention to acquire all of the company's shares it does not own at NZ$5.05 per share in cash, according to a Monday filing with the Australian and New Zealand bourses.
Finaccess's must make an offer no later than Oct. 29, per the filing. Otherwise, the takeover notice will expire.
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