3G Capital's Burger King inks deal to buy Tim Hortons: Reuters

Burger King Worldwide Inc plans to buy coffee and doughnut chain Tim Hortons Inc in a cash and stock deal to create the world's third-largest fast food restaurant group, with sales of about US$23 billion, Reuters reported. The company is to be based in Canada, its largest market. New York-based private equity firm 3G Capital, Burger King's majority owner since 2010, is expected to retain about 51 percent of the combined business.

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