MIAMI Burger King Holdings Inc. said three-private equity stakeholders were selling a combined 15 million shares of the company's common stock.
Funds controlled by TPG Capital, Bain Capital Partners and the Goldman Sachs Funds currently own about 58 million shares, or about 43 percent, of Burger King's stock. After the sale, their combined stake will shrink to 31.6 percent.
Burger King will not sell any shares in the offering, which will be underwritten by Goldman, Sachs & Co.
Burger King's stock fell 2.58 percent in Tuesday trading, closing at $27.65. The Miami-based company operates or franchises 11,400 units worldwide.