Whimp picks new target
Restaurant Brands has warned shareholders to watch out for lowball offers from Bernard Whimp after he asked for a copy of the company's share register.
Restaurant Brands is the latest company in the sights of controversial businessman Bernard Whimp, who is known for his “low-ball” share offers.
The NZX-listed company (NZX:RBD), which owns KFC, Pizza Hut and Starbucks, said today Mr Whimp had applied for a copy of its share register.
Restaurant Brands said it will be providing Mr Whimp a copy of the register as it is required to do under the provisions of the Securities Act 1978.
“From his previous actions, it is likely that Mr. Whimp will be using the information contained in the register to make an unsolicited offer to Restaurant Brands shareholders to acquire their shares,” the company said.
“Restaurant Brands is aware that Mr Whimp has made offers to shareholders in other companies at a price considerably below the market value of their shares or on distinctly unfavourable settlement terms.
“Restaurant Brands has concerns with this practice and reminds shareholders that they should carefully check the terms of any such offer.”
Mr Whimp has targeted investors from a number of different NZX-listed companies, most recently The Warehouse.
Niko Kloeten
Thu, 28 Apr 2011
Thu, 28 Apr 2011
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Whimp picks new target
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