Market Updates
Burger King Agrees to Acquire Tim Hortons for $11 Billion
Nichole Harper
26 Aug, 2014
New York City
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Burger King Worldwide Inc agreed to acquire Tim Hortons Inc for C$12.5 billion or $11.4 billion in a deal partly financed by Warren Buffett
Burger King Worldwide Inc agreed to acquire Tim Hortons Inc for C$12.5 billion or $11.4 billion in a deal partly financed by Warren Buffett’s Berkshire Hathaway Inc.
Tim Hortons investors will receive C$65.50 a share and 0.8025 share of the combined entity, according to the company statements.
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