Diageo Rejects Four Burger King Bids <b></b>

Jul 15, 2002

Share

Miami--Sources close to the auction of Burger King Corp. by parent Diageo Plc said the British company and its investment banker have deemed four bids received for BK inadequate, the Miami Herald reported. The four bids, including ones by Texas Pacific Group and Arby's parent Triarc Cos., ranged from $2 billion to $2.5 billion. Despite the rejections, the Herald quoted a recent Diageo earnings report as saying the BK auction was "progressing as planned." -Nation's Restaurant News

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Bantam Bagels' Founder Fell Into a Mindset Trap 'People Don't Talk About' After Selling the Now-Defunct Business for $34 Million — Here's What Happened
This Startup Wants to Grow Your Side Hustle for You, While Cutting You a Monthly Check
I Designed My Dream Home for Free With an AI Architect — Here's How It Works
Renowned Psychologist Adam Grant Says This 3-Step Leadership Method Will Help Fight Employee Burnout
Most Americans Don't Think Higher Education Is Worth the Cost — But This State-By-State Breakdown of College Graduates' Salaries Tells a Different Story
Watch Now: Tapping into Your Unconventional Thinking and Using It to Create a Million-Dollar Business

Most Popular

See all

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.

By Amanda Breen