So after a lil research, they were offered $4billion around the 15th of this month by a private company called 3G Capital. They are still settling the terms right now, but basically the price for their acquisition has come down to 3.26 bil and every shareholder gets $24/share owned. BKC shares will not exist after the purchase by 3G. And since 3G is private they will not have any shares to offer you, or a dividend; hence the tender offer. BK is selling itself because they have had troubles keeping up in this slow economy (inflation costs for food, inability to match McDs low prices, poor marketing strategy, etc.) So these 3 Brazilian billionaires are taking it over.