Carrols Sets IPO Terms

Carrols Restaurant Group Inc., a Syracuse, N.Y.-based franchisor of Burger King, Pollo Tropical and Toca Cabana restaurants, has set its proposed IPO terms to 15 million common shares being offered at between $14 and $16 per share. It plans to trade on the Nasdaq, with Wachovia Securities and Banc of America Securities serving as co-lead underwriters. Shareholders include Madison Dearborn Partners and Bahrain International Bank. www.carrols.com