Seeking Alpha

More on the potential Burger King Worldwide-Tim Hortons merger

  • Shares of Burger King Worldwide (NYSE:BKW) shoot higher in early trading after the company confirms it's in talks to buy Canadian restaurant operator Tim Horton (NYSE:THI).
  • Combined, the two restaurant chains operate 18K outlets and churn up $22B in sales.
  • The early take from restaurant analysts is that the merger could create enormous synergies, although a hit to the Burger King brand would be risked by relocating its headquarters to Canada to seek out lower taxes.
  • 3G Capital is the majority owner of Burger King.
  • BKW +7.0% premarket to $29.01.
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