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Investor Group Withdraws Offer to Purchase Brazil Fast Food Corp

Wednesday, 20 Nov 2013 09:17am EST 

Brazil Fast Food Corp announced that the investor group (the Investor Group) has withdrawn its offer to acquire all outstanding shares of the Company not owned by the Investor Group. The offer was for USD15.50 per share in cash under a merger agreement with the Company. That merger agreement was terminated by the Investor Group this morning following a Company stockholder meeting at which an insufficient number of stockholders voted in favor of the proposal. No breakup fee is to be paid in connection with the termination of the proposal. 

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