Carrols

MERGER INVESTIGATION: Kaskela Law LLC Announces Investigation into Fairness of the Proposed Buyout of Carrols Restaurant Group, Inc. (NASDAQ: TAST) Shareholders for $9.55 Per Share

Retrieved on: 
Monday, March 18, 2024
Carrols, Carrols Restaurant Group, Acquisition

PHILADELPHIA, March 18, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Carrols Restaurant Group, Inc. (NASDAQ: TAST) (“Carrols”) on behalf of the company’s shareholders.

Key Points: 
  • PHILADELPHIA, March 18, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Carrols Restaurant Group, Inc. (NASDAQ: TAST) (“Carrols”) on behalf of the company’s shareholders.
  • Following the closing of the proposed transaction, Carrols’ shareholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.
  • Carrols shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis.

Kaskela Law LLC MERGER INVESTIGATION: Does $9.55 Per Share Represent Sufficient Cash Out Value for Carrols Restaurant Group, Inc. (NASDAQ: TAST) Shares for Investors?

Retrieved on: 
Saturday, March 16, 2024
Class Action Lawsuit, Professional Services, Legal, Carrols, Carrols Restaurant Group, Acquisition, Cryptocurrency

Kaskela Law LLC announces that it is investigating Carrols Restaurant Group, Inc. (NASDAQ: TAST) (“Carrols”) on behalf of the company’s shareholders.

Key Points: 
  • Kaskela Law LLC announces that it is investigating Carrols Restaurant Group, Inc. (NASDAQ: TAST) (“Carrols”) on behalf of the company’s shareholders.
  • On January 16, 2024, Carrols announced that it had agreed to be acquired by Restaurant Brands International Inc. at a price of $9.55 per share in cash.
  • Carrols shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Carrols Restaurant Group, Inc. (Nasdaq - TAST), Hess Corporation (NYSE – HES), VIZIO Holding Corp. (NYSE - VZIO), Everi Holdings Inc. (NYSE – EVRI)

Retrieved on: 
Monday, March 11, 2024
IGT, Carrols, Brodsky, QSR, Walmart, International Game Technology, Chevron Corporation, Everi Holdings, VIZIO, Vizio, RBI, Security (finance)

BALA CYNWYD, Pa., March 11, 2024 (GLOBE NEWSWIRE) --  Brodsky & Smith reminds investors of the following investigations.

Key Points: 
  • BALA CYNWYD, Pa., March 11, 2024 (GLOBE NEWSWIRE) --  Brodsky & Smith reminds investors of the following investigations.
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Hess will be acquired by Chevron Corporation (“Chevron”) (NYSE – CVX”), in an all-stock transaction valued at approximately $53 billion.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Karuna Therapeutics, Inc. (Nasdaq – KRTX), Carrols Restaurant Group, Inc. (Nasdaq - TAST), Ansys, Inc. (Nasdaq - ANSS), HomeStreet, Inc. (Nasdaq - HMST)

Retrieved on: 
Friday, January 26, 2024
Bristol Myers Squibb, Karuna, Carrols, Therapy, Brodsky, RBI, SNPS, OTCQX, Ansys, BMY, QSR, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Karuna Therapeutics stockholders will receive $330.00 per share in cash upon completion of the proposed transaction.
  • Under the terms of the agreement, Carrols will be acquired by Restaurant Brands International Inc. (“RBI”) (NYSE: QSR).
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Karuna Therapeutics, Inc. (Nasdaq – KRTX), Carrols Restaurant Group, Inc. (Nasdaq - TAST), Ansys, Inc. (Nasdaq - ANSS), HomeStreet, Inc. (Nasdaq - HMST)

Retrieved on: 
Monday, January 22, 2024
Bristol Myers Squibb, Karuna, Carrols, Therapy, Brodsky, RBI, SNPS, OTCQX, Ansys, BMY, QSR, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Karuna Therapeutics stockholders will receive $330.00 per share in cash upon completion of the proposed transaction.
  • Under the terms of the agreement, Carrols will be acquired by Restaurant Brands International Inc. (“RBI”) (NYSE: QSR).
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Carrols Restaurant Group, Inc. (Nasdaq - TAST), Ansys, Inc. (Nasdaq - ANSS), HomeStreet, Inc. (Nasdaq - HMST)

Retrieved on: 
Tuesday, January 16, 2024
Carrols, Brodsky, RBI, SNPS, OTCQX, Ansys, QSR, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Carrols will be acquired by Restaurant Brands International Inc. (“RBI”) (NYSE: QSR).
  • Carrols shareholders will receive $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 billion.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter 2023

Retrieved on: 
Thursday, May 11, 2023
Carrols Restaurant Group, Comparable, Controller, Telephone, EBITDA, The Burger King, Burger King, Total, Fast food, Video game, Commercial property, Management, Pharmaceutical industry, Popeyes, Carrols

SYRACUSE, N.Y., May 11, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the first quarter ended April 2, 2023.

Key Points: 
  • SYRACUSE, N.Y., May 11, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the first quarter ended April 2, 2023.
  • Comparable restaurant sales for the Company’s Popeyes restaurants, which represented 5.2% of total restaurant sales in the first quarter of 2023, increased 9.5% compared to a 2.2% increase in the first quarter of 2022.
  • Adjusted EBITDA(1) was $30.7 million in the first quarter of 2023 compared to $4.3 million in the first quarter of 2022.
  • Income from operations was $10.2 million in the first quarter of 2023 compared to loss from operations of $19.8 million in the prior year quarter.

Carrols Restaurant Group, Inc. Reports Preliminary Sales Results for the Fourth Quarter and Full Year 2022

Retrieved on: 
Monday, January 9, 2023
Burger King, Conference, Interim, Growth, Carrols Restaurant Group, Video game, Carrols

SYRACUSE, N.Y., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its preliminary sales results for the fourth quarter and full year 2022.

Key Points: 
  • SYRACUSE, N.Y., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its preliminary sales results for the fourth quarter and full year 2022.
  • Preliminary sales results for the Fourth Quarter of 2022 versus the Fourth Quarter of 2021 include:
    Total restaurant sales increased 7.0% to $445.1 million compared to $416.1 million in the fourth quarter of 2021;
    Preliminary sales results for the Full Year 2022 versus the Full Year 2021 include:
    Total restaurant sales increased 4.7% to $1,730.4 million compared to $1,652.4 million in the prior year;
    Anthony E. Hull, Interim President and Chief Executive Officer of Carrols, commented “We are encouraged by our sequential top-line improvement with preliminary revenue growth of 7.0% in the fourth quarter of 2022 compared to the fourth quarter of 2021, primarily driven by 6.2% comparable sales growth at our Burger King restaurants.
  • As we lapped tougher comparisons in November and December, we saw continued benefit from reduced discounting with limited discernible impact on our traffic.
  • From a cost perspective, inflation continued to impact our business during the fourth quarter with labor inflation in-line with our expectations and commodities remaining elevated from a historical perspective, though both are continuing to see moderation from levels experienced earlier in the year.”
    Carrols will host investor meetings at the 25th Annual ICR Conference on January 9, 2023 and January 10, 2023 in Orlando, FL.

Carrols Restaurant Group, Inc. Announces the Passing of President and Chief Executive Officer Paulo A. Pena

Retrieved on: 
Tuesday, January 3, 2023
Treasurer, Interim, Operation, Division, Family, Carrols Restaurant Group, Culture, Penn State Board of Trustees, Paulo, Senior, District Management Area, Management, Carrols

SYRACUSE, N.Y., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today announced the passing of Paulo A. Pena who died unexpectedly in the hospital on Saturday, December 31, 2022. Mr. Pena, who had served as the Company’s President and Chief Executive Officer since April 1, 2022, was 50 years old.

Key Points: 
  • Mr. Pena, who had served as the Company’s President and Chief Executive Officer since April 1, 2022, was 50 years old.
  • David Harris, the Chairman of the Board of Directors of Carrols, said, “We are deeply saddened by the untimely passing of our friend and colleague Paulo Pena.
  • Hull will continue serving as Chief Financial Officer and Treasurer of the Company while serving as Interim President and CEO.
  • The Company also announced the appointment of Joseph Hoffman as Chief Restaurant Officer, a new executive level position created to oversee Carrols’ restaurant operations, effective January 1, 2023.

Carrols Restaurant Group, Inc. Appoints Ahmad Filsoof as Vice President of Strategic Initiatives

Retrieved on: 
Wednesday, June 22, 2022
Berkeley, Security (finance), COVID-19, MBA, Carrols Restaurant Group, Technology, University of Chicago Booth School of Business, Forecasting, Company, Business, U.S. Securities and Exchange Commission, CPG, Forward-looking statement, Strategic Initiative for Women in the Horn of Africa, University, Enablement, Economics, News, Boston Consulting Group, Amazon Web Services, Foodservice, GLOBE, Management, Carrols

SYRACUSE, N.Y., June 22, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (Carrols or the Company) (Nasdaq: TAST) announced today the appointment of Ahmad Filsoof as Vice President of Strategic Initiatives, a new position, to further the Companys strategic capabilities and commitment to business innovation.

Key Points: 
  • SYRACUSE, N.Y., June 22, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (Carrols or the Company) (Nasdaq: TAST) announced today the appointment of Ahmad Filsoof as Vice President of Strategic Initiatives, a new position, to further the Companys strategic capabilities and commitment to business innovation.
  • Mr. Filsoof comes to Carrols with over 15 years of experience in strategy development and planning, business and consumer insights, performance management, consulting, and technology.
  • Before Amazon Web Services, Mr. Filsoof worked at McDonalds from August 2017 until January 2020, where, among other things, he served as Senior Director, Strategy, Insights, and Strategic Initiatives.
  • We are delighted to have Ahmad join the Carrols team in this new position, said Paulo Pena, the President and Chief Executive Officer of Carrols.