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BRIEF-Restaurant Brands New Zealand says YUM! approves Pacific Island Restaurants acquisition
March 2, 2017 / 10:44 PM / 10 months ago

BRIEF-Restaurant Brands New Zealand says YUM! approves Pacific Island Restaurants acquisition

March 3 (Reuters) - Restaurant Brands New Zealand Ltd -

* YUM! approves acquisition of Pacific Island Restaurants Inc

* Received approval from YUM! (subject to payment of all fees on settlement) to proceed with transaction

* Settlement is expected to occur within next two weeks.

* “NPAT (excluding non-trading) will be at lower end of previously announced $30-32 million guidance”

* “Delay in settlement means that there was no contribution from Hawaiian Operations in FY ended 27 February 2017” Source text for Eikon: Further company coverage:

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