Restaurant BrandsNew Zealand (NZE:RBD, ASX:RBD) said its directors recommended that shareholders accept Finaccess Restauracion's offer to acquire all of the company's shares that it does not own for NZ$5.05 per share, according to a Tuesday filing with the Australian and New Zealand bourses.
Directors believe that the risks and uncertainties of remaining a shareholder outweigh the offer price, the filing said. Based on an independent adviser's assessment, the company's value is NZ$5.24 to NZ$6.20 per share.
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