Brazil Fast Food Corp. (OTC Markets: BOBS) (the “Company”), the
second largest fast-food restaurant chain in Brazil with 1,057 points of
sale, today announced it will hold an Investor Conference on November 7,
2013 to discuss the previously announced proposed merger agreement
pursuant to which certain shareholders representing approximately 74% of
the Company’s outstanding shares would acquire all outstanding shares of
the Company at a price of US$15.50 in cash per share, or a total equity
value of approximately US$32,556,045 (the “Proposed Transaction”).
The Company will be discussing the Proposed Transaction with analysts
and investors on a conference call at 10:00 am Eastern time.
Instructions for accessing the conference call and accompanying slides
will be available on November 6, 2013 on the Company’s website at www.bffc.com.br.
About Brazil Fast Food Corp.
Brazil Fast Food Corp., through its holding company in Brazil, BFFC do
Brasil Participações Ltda. (“BFFC do Brasil”, formerly 22N Participações
Ltda.), and its subsidiaries, manage one of the largest food service
groups in Brazil and franchise units in Angola and Chile. Operating
under (i) the Bob’s brand, (ii) the Yoggi brand, (iii) KFC and Pizza Hut
São Paulo, as franchisee of Yum! Brands Brazil, and (iv) Doggis, as
master franchisee of Gastronomia & Negócios S.A. (former Grupo de
Empresas Doggis S.A.), our subsidiaries are Venbo Comércio de Alimentos
Ltda. (“Venbo”), LM Comércio de Alimentos Ltda. (“LM”), PCN Comércio de
Alimentos Ltda. (“PCN”), CFK Comércio de Alimentos Ltda. (“CFK”, former
Clematis Indústria e Comércio de Alimentos e Participações Ltda.), CFK
São Paulo Comércio de Alimentos Ltda. (“CFK SP”), MPSC Comércio de
Alimentos Ltda. (“MPSC”), FCK Comércio de Alimentos Ltda. (“FCK”, former
Suprilog Logística Ltda.), DGS Comércio de Alimentos Ltda. (“DGS”),
Yoggi do Brasil Ltda. (“Yoggi”), Schott Comércio de Alimentos Ltda.
(“Schott”), Little Boss Comércio de Alimentos Ltda. (“Little Boss”),
CLFL Comércio de Alimentos Ltda. (“CLFL”) and Internacional Restaurantes
do Brasil S.A. (“IRB”). IRB has 40% of its capital held by Mascali
Participações Ltda., another Brazilian limited liability company, whose
main partner is the CEO of IRB.
Safe Harbor Statement
This press release contains forward-looking statements within the
meanings of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended, and
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such statements involve known
or unknown risks, uncertainties and other factors that may cause the
actual results to differ materially from those expressed or implied by
such forward looking statements. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see the disclosures in the
Company's financial reports, including the risk factors contained in the
Company's most recent annual report and quarterly reports available on
its website www.bffc.com.br.
Copyright Business Wire 2013