February 21, 2017: Sell Popeyes Louisiana Kitchen for an 11.5% gain in 5 days. The rumors were true as Restaurant Brands buys Popeyes for $79 per share. Congratulations if you were able to make money on this trade.
February 20, 2017: Hearing rumors circulating over the long three-day weekend that Restaurant Brands International is near an agreement to acquire Popeyes Louisiana Kitchen. The deal may be announced as early as this week. The source of the rumors are coming from a Reuters story according to CNBC: http://www.cnbc.com/2017/02/20/burger-king-owner-could-buy-popeyes-as-early-as-this-week.html
February 13, 2017: Hearing takeover rumors circulating about Popeyes Louisiana Kitchen. The rumor is that Restaurant Brands may be interested in acquiring Popeyes. The rumors appear to be coming from this article: http://markets.businessinsider.com/news/stocks/restaurant-brands-owner-of-burger-king-may-acquire-popeyes-2017-2-1001746159-1001746159
Popeyes Louisiana Kitchen Stock Chart
Founded in 1972 in New Orleans, Popeyes is a leader in the New Orleans segment of the foodservice industry and is the world’s second largest quick-service chicken concept based on the number of units. As of April 17, 2016, Popeyes had 2,569 operating restaurants in the United States, the District of Columbia, three territories, and 26 foreign countries.