Burger King to acquire Tim Hortons for $11.5B


Reuters: The cash-and-stock deal will create the world’s third-largest fast-food restaurant group.

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Reuters: The cash-and-stock deal will create the world’s third-largest fast-food restaurant group.

With roughly $23 billion in combined annual sales, more than 18,000 restaurants in 100 countries and two strong, independent brands, the new entity would have an extensive global footprint and significant growth potential, the companies said in a joint statement on Tuesday.

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