Tim Hortons' shareholders OK $12.6 bln merger with Burger King
Investors in Tim Hortons Inc (TSX, NYSE: THI) have approved its $12.6 billion acquisition by Burger King Worldwide Inc (NYSE: BKW). The transaction was approved by about 99.2 percent of shareholders. Tim Hortons and Burger King also announced the name of the new entity's parent company: Restaurant Brands International. Upon the deal's closing, shares of Restaurant Brands International will be traded on the New York Stock Exchange and the Toronto Stock Exchange under the trading symbol "QSR". Private equity firm 3G Capital is the majority owner of Burger King and will hold around 51 percent of the combined business.
9 December 2014•6 mins read
