Burger King, Tim Hortons parent to buy Popeyes for $1.8 billion Sean Kilpatrick/The Canadian Press via AP, File This Aug. 25, 2014, file photo, shows signs for Burger King and Tim Hortons locations in Ottawa, Ontario. Restaurant Brands International says it’s buying Popeyes for $1.8 billion, bringing the chicken chain under the same corporate umbrella as Burger King and Tim Hortons. The deal gives Popeyes shareholders $79 per share, representing a 27 percent premium from its average price on Feb. 10, 2017. By THE ASSOCIATED PRESS | PUBLISHED:February 21, 2017 at 7:28 am| UPDATED:February 21, 2017 at 7:34 am NEW YORK — Restaurant Brands International says it’s buying Popeyes for $1.8 billion, bringing the fried chicken chain under the same corporate umbrella as Burger King and Tim Hortons. The move fits with Restaurant Brands’ approach of taking over well-known fast-food chains it sees as having the potential for significant expansion. The deal gives Popeyes shareholders $79 per share, representing a 19 percent premium from its closing price on Friday. Pop-Tarts Cafe: Sweet burritos, cookies-and-cream burger at New York pop-up Cracker Barrel to open first California restaurant Michelin star accidentally awarded to burger joint Campbell: The Spot has new hours after city commission vote Review: Palo Alto’s True Food Kitchen Restaurant Brands was created after Burger King, controlled by Brazilian investment firm 3G Capital, bought Tim Hortons in 2014. The corporate name it took signaled that the company would add to its stable of fast-food chains. Since then, Restaurant Brands has been striking deals with local operators to open additional Burger Kings around the world and expand Tim Hortons in the U.S. Restaurant Brands International, which is based in suburban Toronto, makes money from fees it charges franchisees who operate Burger King and Tim Hortons restaurants. It has more than 20,000 locations globally, and Popeyes would give it about another 2,600. By comparison, McDonald’s had more than 36,800 locations around the world at the end of 2016.
Seeing as how Zandy don't need the cash... I guess DM gets it. Now.... ....go bash The Surf Market Report. Give your dumb ass something to do.
I'm "Beatin the Machines" beeeeatch. Or maybe not. Friggin machines. Takin Zandy's money. Go long the Cheesecake factory. And Garmin. And Dominoes @ $190..... ........whatever.