3G Capital begins tender offer for Burger King

by Eric Schroeder
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MIAMI — Blue Acquisition Sub, Inc., an entity controlled by 3G Capital, on Sept. 16 commenced its previously announced tender offer for all of the outstanding shares of common stock of Miami-based Burger King Holdings, Inc. at a price of $24 per share. Total value of the transaction is approximately $4 billion. Blue Acquisition Sub, Inc. and its parent company, Blue Acquisition Holding Corp., are controlled by 3G Special Situations Fund II, L.P.
3G Capital and Burger King first announced their intent to merge on Sept. 2.
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