No. 1 BK group Carrols does IPO to raise $69m

Nation's Restaurant News,  Jan 1, 2007  

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SYRACUSE, N.Y. -- Carrols Restaurant Group Inc., whose 328 Burger Kings make it that chain's largest franchisee, made its initial public offering Dec. 15, with the company and shareholders selling 10 million common shares for $13 each.

Carrols, which said it expected corporate net proceeds to be about $69 million, also owns and operates 73 Pollo Tropical and 141 Taco Cabana restaurants and franchises an additional 23 restaurants under those brands.

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