Restaurant Brands International, a fast food company, agreed to acquire Carrols Restaurant, a franchisee company, for $1bn. "Today's announcement is a testament to our more than 24k Carrols team members who have helped drive the company to record levels of profitability over the past 12 months. These results have allowed us, through this transaction, to deliver immediate and certain value to Carrols shareholders at an attractive premium to the Company's current and historical share prices. Additionally, we believe our team members will now have additional opportunities as part of the greater RBI family – in our office, in the field and especially in our restaurants, including for long-time managers who may want to become franchisees themselves. We look forward to working closely with Tom and the rest of the Burger King team in the months and years ahead," Deborah Derby, Carrols Restaurant President and CEO.