05:01 PM EDT, 09/19/2025 (MT Newswires) -- Restaurant Brands International (QSR.TO), one of the world's largest quick service restaurant companies and owner of iconic Canadian brand Tim Hortons, disclosed late on Friday afternoon that it has been notified of an unsolicited mini-tender offer made by Ocehan LLC to purchase up to 50,000 QSR common shares, or approximately 0.2% of the shares outstanding, at a price of C$66.50 per share.

To avoid confusion, QSR management highlighted that the offer price of $66.50 is in Canadian dollars, and not in U.S. dollars, and represents a 24.8% discount to a TSX closing price of C$88.44 on August 20, 2025.

Furthermore, QSR said it does not endorse this unsolicited offer, has no association with Ocehan or its offer, and recommends that shareholders do not tender their shares to the offer.

For shareholders who may already have tendered their shares, RBI notes that they can still withdraw their acceptance within 14 days after delivering the acceptance form, per the offer documentation.

Shares of QSR were last seen up $1.10, or 1.27%, to $87.89 on the Toronto Stock Exchange.