Duff & Phelps Provided a Fairness Opinion to Brazil Fast Food Corp.
An insider-led consortium has acquired the remaining publicly held shares of Brazil Fast Food Corp. for $18.30 per share in a going-private transaction. The insider consortium owned approximately 75% of the company’s common stock prior to the transaction.
Duff & Phelps acted as independent financial advisor to the special committee of the board of directors of Brazil Fast Food Corp. and rendered a fairness opinion in connection with the transaction.
About Brazil Fast Food Corp.
Brazil Fast Food Corp. (OTCPK: BOBS) is the second largest fast-food restaurant chain in Brazil with 1,257 points of sale, operating under Bob's, Yoggi, Doggis, KFC and Pizza Hut brands. Brazil Fast Food Corp. was founded in 1992 and is headquartered in Rio de Janeiro, Brazil.