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Stock Market & Financial Investment News

News Breaks
December 12, 2012
19:33 EDTBKWBurger King and Alsea sign new joint venture to expand brand presence in Mexico
Burger King Worldwide announced that it has entered into a joint venture agreement for Mexico with Alsea, S.A.B. de C.V. focused on significantly increasing the Burger King brand presence in Mexico. As part of the transaction, Alsea and Burger King will contribute their Burger King restaurants in Mexico to form a joint venture through a merger of Burger King's Mexican subsidiary into Operadora de Franquicias Alsea S.A. de C.V. The new company will own 203 Burger King restaurants in Mexico and has committed to open several hundred more over the next several years. The transaction is subject to regulatory approval in Mexico.
News For BKW From The Last 14 Days
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September 18, 2014
17:00 EDTBKWCarrols Restaurant to buy 30 Burger King restaurants in North Carolina
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September 15, 2014
13:45 EDTBKWTim Hortons up fractionally following preliminary Q3 quarter-to-date SSS report
Tim Hortons (THI) is up fractionally in afternoon trading following the company's pre-market announcement of Q3 quarter-to-date SSS growth results. The company reported Canadian SSS up 3.6% and U.S. SSS up 7.0% for the 9-weeks ended August 31. Tim Hortons released this information in connection with the company's proposed strategic transaction involving 3G Capital and Burger King Worldwide (BKW).
September 12, 2014
09:21 EDTBKWBlackstone to sell 260 Burger King locations, Bloomberg says
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September 11, 2014
08:09 EDTBKWBerkshire's Munger defends Burger King deal, WSJ reports
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08:03 EDTBKWSenators urge Burger King to stay domiciled in U.S., Reuters reports
The number 2 ranking Senate Democrat, Dick Durbin, and four fellow senators have urged Burger King (BKW) to keep its domicile in the U.S. and give up plans for a "tax inversion" as part of its purchase of Canada's Tim Hortons (THI), reported Reuters. Reference Link

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