Ottawa approves PE-backed Burger King's bid for Tim Hortons: Reuters
The Canadian government has approved Burger King Worldwide's $12.64 billion takeover of coffee-and-doughnut chain Tim Hortons Inc, which will create a new company based north of the border, Reuters reported. "The result of this transaction is this new global company ... which will now be based in Canada," Industry Minister James Moore said in a statement. 3G Capital, a New York-based private equity firm, is Burger King's majority owner.
5 December 2014•2 mins read
