Pzena Investment Management Increases Stake in Arcos Dorados Holdings

Pzena Investment Management, LLC has filed an amendment to its Schedule 13G, disclosing an increased ownership of 11,427,294 shares in Arcos Dorados Holdings Inc., representing 8.7% of the company's common stock. This marks a significant increase of 4,893,812 shares (74.9%) from their previous filing. The shares are held on behalf of clients who have the right to receive dividends and proceeds from sales. Pzena Investment Management certifies that the shares were acquired in the ordinary course of business and not for the purpose of influencing control of the issuer.