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Fast food chain Burger King sets terms

May 2, 2006
BKC

Burger King, a fast food restaurant chain with 11,141stores in 67 countries and U.S. territories, plans to offer 25.0 million shares at a range of $15 to $17. Assuming the stock prices at the midpoint, the company will have an initial market capitalization $2.1 billion. JPMorgan, Citigroup, Goldman Sachs and Morgan Stanley head the list of underwriters on the deal. The deal is expected to price the night of May 17th.