McDonald’s has announced a $4 billion deal to buy a minority stake in the fast-food chain chain.
The deal, which has been described as a blockbuster, includes a deal to acquire more than 50% of the company’s U.S. restaurants and will also allow McDonald’s to make major investments in other markets.
McDonald’s is the second-largest U.K. fast-casual chain behind Burger King and has been the target of several investigations and boycotts by its competitors over its treatment of workers and the company has been under fire from politicians, unions and some business analysts for its slow pace of expansion.
Mcdonald’s will take control of about 6% of its shares, which have soared in value since the deal was announced in April, while Burger King will have its stake reduced to 6%.
The deal was described as the most significant corporate investment in the U.N. food supply chain in decades by Bloomberg and Bloomberg LP analysts.
The McDonald’s acquisition is the largest single transaction in the chain’s history and the biggest takeover in U.C.V.N., McDonald’s of New York, was reported to be under consideration.