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News Breaks
August 25, 2014
05:11 EDTTHI, BKWTim Hortons, Burger King confirm talks regarding potential strategic transaction
In response to media reports, Tim Hortons (THI) and Burger King (BKW) confirmed that they are in discussions regarding a potential strategic transaction. The new publicly-listed company would be headquartered in Canada, the largest market of the combined company. 3G Capital, the majority owner of Burger King, will continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King. Within this new entity, Tim Hortons and Burger King would operate as standalone brands, while benefiting from shared corporate services, best practices and global scale and reach. The new company would be the world's third-largest quick service restaurant company, with approximately $22B in system sales and over 18,000 restaurants in 100 countries worldwide. Tim Hortons and Burger King each have strong franchisee networks and brands. Any transaction will be structured to preserve these relationships and deepen the connections each brand has with its guests, franchisees, employees and communities. The transaction remains subject to negotiation of definitive agreements. There can be no assurance that any agreement will be reached or that a transaction will be consummated. Tim Hortons and Burger King do not intend to comment on this matter further unless and until a transaction is agreed or discussions are discontinued, and specifically disclaim any obligation to provide further updates to the market.
News For THI;BKW From The Last 14 Days
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October 20, 2014
13:40 EDTBKWOptions with increasing implied volatility
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October 17, 2014
10:51 EDTBKWOptions with increasing implied volatility
Options with increasing implied volatility: COV DISH HLT QEP GREK BKW BYI LLY DTV TIBX

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