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Stock Market & Financial Investment News

News Breaks
August 25, 2014
05:11 EDTBKW, THITim 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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December 17, 2014
10:57 EDTBKWMcDonald's jumps after Ackman offers no comment on rumor
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December 12, 2014
16:19 EDTTHI, BKWOn The Fly: Closing Wrap
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13:36 EDTTHI, BKWRestaurant Brands completes Tim Hortons-Burger King transaction
Restaurant Brands International (QSR) announced the successful completion of the transaction with Tim Hortons (THI) and Burger King Worldwide (BKW). The transaction creates Restaurant Brands International, a new global quick service restaurant leader. As previously announced, Daniel Schwartz, formerly CEO, Burger King Worldwide has been appointed to the role of CEO, Restaurant Brands International. Marc Caira, formerly CEO, Tim Hortons will serve as Vice-Chairman of the board of directors of Restaurant Brands, which plans to announce the remaining leadership structure for the company on Monday, December 15. Effective as of the close of trading today, December 12, Tim Hortons common shares and Burger King Worldwide common stock will cease trading on the Toronto Stock Exchange and New York Stock Exchange. Restaurant Brands International common shares will begin trading on the Toronto Stock Exchange and New York Stock Exchange under the trading symbol "QSR" on Monday, December 15. Exchangeable units of Restaurant Brands International Limited Partnership, a subsidiary of Restaurant Brands International, will also commence trading on the Toronto Stock Exchange under the trading symbol "QSP" on Monday, December 15.
December 11, 2014
11:26 EDTBKWYum! higher after dealReporter highlights National Post story
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December 10, 2014
16:44 EDTBKW, THIOn The Fly: Closing Wrap
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10:00 EDTBKWOn The Fly: Analyst Upgrade Summary
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07:44 EDTBKW, THIBurger King, Tim Hortons and Restaurant Brands report transaction results
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06:58 EDTBKWBurger King upgraded at RBC Capital
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06:43 EDTBKWBurger King upgraded to Outperform from Sector Perform at RBC Capital
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December 9, 2014
14:28 EDTBKW, THITim Hortons shareholders approve proposed transaction with Burger King
Tim Hortons (THI) announced the company's shareholders have approved the transaction with Burger King Worldwide (BKW) that will create a new global quick service restaurant leader. Following approximately 99.2% approval of votes cast by THI shareholders, the two companies announced the name of the new parent company, Restaurant Brands International. The name reflects the new company's global scale and reach, which will include more than 18,000 restaurants operating in 100 countries under its two distinct, iconic brands. Upon close of the transaction, shares of Restaurant Brands International will be traded on the New York Stock Exchange and the Toronto Stock Exchange under the trading symbol "QSR." Units of Restaurant Brands International Limited Partnership are expected to trade on the Toronto Stock Exchange under the trading symbol "QSP." The transaction remains subject to customary closing conditions, including, among other things, approval and issuance of a final order of the Ontario Superior Court of Justice. The Ontario Superior Court of Justice hearing for the final order to approve the Arrangement is scheduled to take place on December 11, and completion of the Arrangement and related transactions is expected to occur on or about December 12.
10:35 EDTBKW, THITim Hortons to host special shareholder meeting
Special Shareholder Meeting to vote upon the proposed arrangement with Burger King Worldwide is being held on December 9 at 10 am. Webcast Link
December 8, 2014
06:47 EDTBKWBurger King coverage resumed with a Buy at Goldman
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December 5, 2014
09:30 EDTBKWBurger King enters JV in Poland, Greece, Romania
Burger King Worldwide announced the establishment of Burger King SEE S.A. as a joint venture to aggressively expand the BURGER KING brand presence and business in Italy, Poland, Greece and Romania. Burger King SEE S.A., the joint venture, has signed a long-term master franchise and exclusive development agreement, which includes sub-franchise rights for all of these markets. While the BURGER KING brand currently operates in Italy, Poland and Romania, the joint venture's plans include aggressive development of BURGER KING restaurants across Southern and Eastern Europe and the creation of more than 10,000 new job opportunities within the first five to seven years of the venture.
05:48 EDTTHI, BKWCanada approves Burger King acquisition of Tim Hortons
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December 4, 2014
17:13 EDTTHI, BKWTim Hortons-Burger King deal gets Canadian approval, Globe and Mail says
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December 3, 2014
05:56 EDTTHI, BKWCanada set to approve Burger King, Tim Hortons deal, NY Post reports
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