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Article: Burger King parent company to sell shares to public for the first time
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- February 2, 2006
- Author:
CopyrightCopyright 2006 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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MIAMI -- Burger King's parent company said Wednesday it plans to
sell shares to the public for the first time in the fast-food chain's
52-year history, as it tries to more effectively compete with
McDonald's and Wendy's.
"We believe the transparency and stability in ownership offered by
being a public company will benefit our employees and franchisees for
years to come," Chairman and CEO Greg Brenneman said in a statement.
Because the Securities and Exchange Commission bars companies from
touting their prospects before initial public offerings, Miami-based
Burger King Holdings Inc. declined further comment beyond saying its
IPO filing will be made in late February or early March. Owen