Burger King in talks to buy Tim Hortons

Comment on this story
IOL pic aug25 burger king signs Reuters Burger King signs at a restaurant in Annandale, Virginia. PIcture: Kevin Lamarque

Miami -

Burger King is in talks to buy Tim Hortons and form a new publicly listed company based in Canada.

The two fast-food companies announced on Sunday that Burger King majority owner 3G Capital would continue to own the majority of shares of the new company, with the remainder held by shareholders of Tim Hortons and Burger King.

The companies say Miami-based Burger King Worldwide and Ontario-based Tim Hortons would continue to operate as separate brands but would share corporate services.

The Wall Street Journal first reported the talks and that the companies say there's no assurance a deal will happen.

The new company would have 18 000 restaurants in 100 countries with about $22 billion in sales.

The companies say that would make it the world's third-largest fast-food restaurant company. - Sapa-AP

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines