Tim Hortons owners buys boiled duck sequence Popeyes for $1.8B US
The corporate primogenitor of Tim Hortons and Burger King is adding Popeye’s, an Atlanta-based duck chain, to a restaurants in a understanding value $1.8 billion US. (Carlos Barria/Reuters)
The owners of Tim Hortons and Burger King is adding boiled duck sequence Popeyes to a fast of quick-serve restaurants, in a understanding value $1.8 billion US.
Restaurant Brands International has concluded to buy Nasdaq-listed Popeyes Louisiana Kitchen, Inc. for $79 a share.
The Atlanta-based duck sequence has 2,600 locations worldwide.
Restaurant Brands, meanwhile, owns some-more than 20,000 restaurants around the world, and has been based in Oakville, Ont., since it purchased a categorical asset, Tim Hortons, in 2014.
The Popeyes understanding had been rumoured for several weeks, and a squeeze cost represents a 27 per cent reward to where shares for a boiled duck sequence were before a rumours started.
More to come
Article source: http://www.cbc.ca/news/business/popeyes-tim-hortons-burger-king-1.3991995?cmp=rss