A&W Canada plans to consolidate operations, buy back its income fund, and pursue an IPO to simplify structure and boost stock liquidity.
A&W Food Services of Canada Inc. plans to consolidate operations, buy back A&W Revenue Royalties Income Fund, and pursue an IPO on the Toronto Stock Exchange. The move aims to simplify corporate structure, attract institutional investors, and boost stock liquidity. Since 2002, A&W trademarks and intellectual property were owned by the income fund, which generated revenue via royalty payments from A&W restaurants. The restructuring could lead to a valuation similar to other large fast-food chains.
August 14, 2024
3 Articles