Carrols Restaurant Group stock exits after USD 9.55 buyout

Published on 10/01/2026 at 02:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carrols Restaurant Group stock was bought for USD 9.55 per share in 2024. The deal covered 1,022 Burger King restaurants and closed on May 16, 2024.

TAST, US8736021024, Illustration mit AI erstellt.

Carrols Restaurant Group stock (ISIN US8736021024) became part of a completed Burger King acquisition after Restaurant Brands International agreed to pay USD 9.55 per share in cash. The transaction covered 1,022 Burger King restaurants across 23 states and closed on May 16, 2024.

USD 9.55 buyout ended listing

Carrols Restaurant Group listed the Burger King acquisition announcement among its corporate releases dated January 16, 2024. The all-cash consideration set the transaction value at USD 9.55 for each Carrols share.

As NRN reported, Restaurant Brands International completed the acquisition for USD 1.0 billion and planned another USD 500 million for reimaging 600 Carrols restaurants. The figures frame TAST as a transaction record rather than an operating public-company story.

1,022 restaurants changed hands

Carrols operated 1,022 Burger King restaurants in 23 states, with USD 1.8 billion of system sales in the twelve months ended September 30, 2023, according to EdgeChat. That operating scale explains why Burger King used the acquisition to expand company-owned restaurant control before a planned remodeling and refranchising program.

The comparison is concrete: USD 500 million of planned remodeling investment was directed toward 600 locations, while the acquired portfolio contained 1,022 restaurants. The program therefore targeted a defined portion of the acquired estate rather than the entire network at once.

TAST is now a historical ticker

IT Boltwise identifies TAST and ISIN US8736021024 with the completed Burger King transaction and separates the January 2024 announcement from Carrols historical fourth-quarter and fiscal-year 2023 figures. For readers reviewing old price or earnings references, the reporting period matters because those figures describe the pre-acquisition company.