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Restaurant Brands International Inc. (NYSE:QSR) (TSX:QSR) ("RBI") has been notified of an unsolicited mini-tender offer made by Ocehan LLC ("Ocehan") to purchase up to 50,000 RBI common shares, or approximately 0.02% of the company's outstanding common shares, at a price in Canadian dollars of CAD $66.50 per share. RBI cautions shareholders against any potential confusion between the U.S. dollar and Canadian dollar denominated prices of our shares. Ocehan's offer price in Canadian dollars of CAD $66.50 represents a discount of 24.81% to the TSX closing price in Canadian dollars of CAD $88.44 for RBI common shares on August 20, 2025, the last trading day before the mini-tender offer was commenced. RBI cautions shareholders that the mini-tender offer has been made at a Canadian dollar price significantly below the market price for RBI shares.
RBI does not endorse this unsolicited offer, has no association with Ocehan or its offer, and recommends that shareholders do not tender their shares to the offer.
According to Ocehan's offer documents, RBI shareholders who have already tendered their shares can withdraw their shares at any time within 14 days after the date of delivery of the shareholder's acceptance form (or tender form) by following the procedures described in the offer documents.
