Did Burger King Just Become the World’s Biggest Fast Food Company?
The New York Times has the scoop…
The following is an excerpt from Burger King in Talks to Buy Tim Hortons and Move to Canada
The restaurant operator said on Sunday that it was in talks to buy Tim Hortons, the Canadian doughnut-and-coffee chain, in a potential deal that would create one of the world’s biggest fast-food businesses.
If completed, the deal would mean Burger King’s corporate headquarters would move to Canada, raising the specter of yet another American company switching its national citizenship to lower its tax bill.
An agreement could be reached as soon as this week, a person briefed on the matter said.
CBCNews tells us more…
The following is an expert from Tim Hortons may be bought by Burger King
The companies say Ontario-based Tim Hortons and Miami-based Burger King would operate as standalone brands.
The statement adds that the new corporation would be the world’s third-largest quick service restaurant company, with approximately $22 billion in system sales and more than 18,000 restaurants in 100 countries worldwide.