Diageo Rejects Four Burger King Bids

1 min read
Opinions expressed by Entrepreneur contributors are their own.

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

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.