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Restaurant Brands International to Renew Share Buyback Program

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Restaurant Brands International (QSR.TO, QSR) on Friday said it intends to renew its normal course issuer bid (NCIB).

The restaurant franchisor and owner , whose brands include Burger Kind and Tim Hortons, may buy back up to 34.4-million shares for one year beginning Sept. 16.

Under its previous NCIB which ends of Sept. 15, Restaurant Brands bought back 2.9-million shares of an allowed 32.3-million.

Restaurant Brands shares closed up CA$0.98, to CA$106.75, on the Toronto Stock Exchange.

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