Restaurant Brands expects offer from Bernard Whimp

Thursday 28th April 2011 1 Comment

Restaurant Brands is the latest company to be targeted by businessman Bernard Whimp.

The company today warned shareholders to carefully check any offers from Whimp after it received a request from him for its share register.

Limited partnerships associated with Whimp have made offers for many listed companies, most of which are below the current market price. The offers have been condemned by shareholder groups and regulators but they are not illegal.

Restaurant Brands will provide Whimp with a copy of its register as it is required to do under the provisions of the Securities Act 1978.

The company said shareholders should carefully check the terms of any offer from Whimp and seek financial advice.

NZPA

Comments from our readers

On 28 April 2011 at 1:33 pm Fraser said:

Just replace Restaurant Brands with whatever company it is next. Story reads the same every time. We get it.