Darden's Meeting Gets Delayed

Darden Restaurants delayed its special meeting, saying that the SEC needed more time to study its proxy documents. The delay comes as the company is fending off an effort by an activist to replace every board member.

Smaller Shakeup For Bob Evans Board

Sandell Asset Management didn't get quite the board shakeup initially reported. Bob Evans said today that four of Sandell's nominees were elected. And CEO Steve Davis was also re-elected to the 12-member board following a lengthy proxy fight.

Burger King-Tim Hortons: Taxes And Growth

The biggest potential in the $11 billion megadeal between Burger King and Tim Hortons isn't the former chain's tax bill. It's on the international growth potential at the Canadian concept.

Hot Dog On A Stick Gets A New Owner

Global Franchise Group recently bought Hot Dog On A Stick for $12 million out of bankruptcy—a bet that, though retail traffic may be on the decline, it's still strong enough to support a number of different brands.

Could Other Franchises Follow Burger King?

Burger King is in talks with Tim Horton's to merge the two companies and move headquarters to Canada to save on income taxes. It would be the first franchise restaurant chain to do a so-called tax inversion, but it might not be the last.

FINANCE & REAL ESTATE DIRECTORY

Franchise Times would like to introduce you to the lenders and real estate advisory sources that are targeting the restaurant industry.

 

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