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Carrols Restaurant Group Inc announces commencement of public offering

Wednesday, 16 Apr 2014 08:23am EDT 

Carrols Restaurant Group Inc:Public offering of up to $60 mln of common stock.Underwriters granted 30-day option by company to purchase up to an additional 15 pct.Use net proceeds to accelerate remodeling of company's restaurants to Burger King Corporation's 20/20 restaurant image.In addition to acquire additional franchised Burger King restaurants, and, to lesser extent, develop new restaurants and for other general corporate purposes.Raymond James & Associates, Inc. and Stephens Inc. are serving as joint book-running managers for public offering. 

Company Quote

1.25 +11.31%
4:00pm EDT