McDonald’s Franchisee To Offer Shares In Offering

BusinessWeek:

Arcos Dorados Holdings Inc., which went public in April, said Friday it will make a secondary offering of shares.

The company, based in Buenos Aires, Argentina, did not disclose how many shares it plans to offer or price the offering.

Arcos Dorados — which means “Golden Arches” in Spanish — is one of the largest McDonald’s franchisees.

When the company went public in April it offered 73.5 million shares at $17 each.