The parent company of Burger King and Tim Hortons is buying 150,000 shares of its common stock to fuel a new employee stock-purchase program.
Employees of Restaurant Brands International can earmark as much as 10 percent of their compensation for the purchase of RBI shares. The shares will be purchased on the open market by a representative of RBI.
The initiative is a twist on the routine practice of a public company buying shares on the market to bolster the value of stock held by investors who opt not to sell.
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