Restaurant Brands International Inc. Agrees to Acquire Popeyes Louisiana Kitchen

February 21, 2017

Transaction to add an iconic brand with rich Louisiana heritage and strong U.S. and international growth potential to RBI

Oakville, ON and Atlanta, GA  (  Restaurant Brands International Inc.  (“RBI”) (NYSE/TSX: QSR, TSX: QSP) and Popeyes Louisiana Kitchen, Inc. (“Popeyes”) (NASDAQ: PLKI) announced today that the companies have reached an agreement for RBI to acquire Popeyes for $79.00 per share in cash, or $1.8 billion.

The acquisition of Popeyes will add a successful, highly-regarded brand with strong customer loyalty to RBI, one of the largest global quick service restaurant companies with two of the world’s most iconic QSR brands –