Popeyes Louisiana Kitchen, Inc. ("Popeyes") is an American multinational chain of fried chicken fast food restaurants that was founded in 1972

According to the Complaint, On February 21, 2017, Popeyes’ Board of Directors caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Restaurant Brands International Inc., Restaurant Brands Holdings Corp., and Orange, Inc. Pursuant to the terms of the Merger Agreement, shareholders of Popeyes will receive $79.00 per share in cash.

On February 27, 2017, Defendants filed a Solicitation/Recommendation Statement and a Form S-4 Registration Statement (together, the “Solicitation Statement”) with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.

On March 30, 2017, this case was voluntarily dismissed.