Buffett to fund Burger King inversion deal

By Dow Jones newswires - with a staff reporter

Burger King Worldwide Inc. and Canadian coffee-and-doughnut-chain Tim Hortons Inc. confirmed on Tuesday that they will combine and base the fast-food giant in Canada, a deal that is likely to draw scrutiny from US lawmakers.

The companies said Alex Behring, executive chairman of Burger King and managing partner at 3G Capital, will lead the new global company as executive chairman and directo.

That means Burger King, which is controlled by Brazilian private-equity firm 3G Capital Management, would have to show that the deal provides a so-called net benefit to Canada.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Read more here: Business Spectator


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>