Burger King in talks to buy Tim Hortons

Photo: Chris Young/Canadian Press

Burger King is in talks to buy Tim Hortons Inc. (TSX: THI) and form a new publicly listed company that would be based in Canada.

They said in a statement Sunday night that Canada would be the largest market of the combined company.

The statement said 3G Capital, the majority owner of Burger King, would continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King.

The companies say Ontario-based Tim Hortons and Miami-based Burger King would operate as standalone brands.

The statement adds that the new corporation would be the world’s third-largest quick service restaurant company, with approximately $22 billion in system sales and over 18,000 restaurants in 100 countries worldwide.

The companies say they will not comment further unless there is a deal.

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  1. markR posted on 08/25/2014 08:21 AM
    Let's see, it didn't work when it was Wendy's & Tim Hortons, why would it work with Burger King?
    1. Jon posted on 08/25/2014 11:22 AM
      @markR Not even remotely the same thing. Wendey's was a shared location agreement like Taco bell has with KFC. Here we're talking about buying Timmy's outright, not sharing retail space.
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