February 21, 2017 / 6:42 PM / 10 months ago

BUZZ-Popeyes Louisiana Kitchen Inc: Hits record high

** Restaurant operator’s shares jump as much as 19.3 pct to a record high of $78.85

** Company to be bought by Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, for $1.8 bln in cash

** Popeyes shareholders to get $79 for each share they hold, a 19.5 pct premium to the stock’s Friday close

** More than 5.3 mln shares traded, 20.8x 30-day moving avg

** Up to Friday’s close, stock had risen 6.9 pct in the last 12 months

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